ITV acquires Big Talk
ITV plc today announced that it has acquired 100% of Big Talk Productions and associated companies (Big Talk), the producer of award winning programmes Friday Night Dinner, Him & Herand Rev as well as films including Shaun of the Dead, Hot Fuzz and The World's End.
ITV will pay an initial cash consideration and further capped cash payments contingent on Big Talk's future performance. The initial cash consideration will be dependent on the 2012/13 financial performance and is expected to be in the region of £12.5m. The further capped cash payments are payable on the delivery of significant profit growth over the next five years. The multiple paid is similar to the range paid on our previous acquisitions.