Discovery Communications and international cable company, Liberty Global have made a deal to purchase All3Media. The top UK indy will be acquired from its current owner the private equity group Permira in a deal for more than £550 million.
All3Media operates a network of 15 subsidiaries, which have produced some of the UK’s most successful shows, including Midsomer Murders, The Only Way Is Essex, Shameless and Horrible Histories (pictured).
Discovery is one of the largest producers of non-fiction TV content in the world. The company’s successful brands include the Discovery Channel, TLC and Animal Planet. The company is publically traded on the NASDAQ stock exchange, but its founding Newhouse family holds a 31% stake in the company through its company Advance Publications.
It was reported that Discovery had been considering the acquisition of the UK’s Channel 5, which was picked up last week by US media company Viacom for £450 million.
Liberty Media owns stock in several large entertainment companies including Time Warner and Viacom.