Fund RedBird IMI, supported by Abu Dhabi, abandons plans for acquisition of ITV studios
In a recent turn of events, RedBird IMI has announced that it has abandoned plans to acquire ITV's production arm, ITV Studios. This decision comes as RedBird IMI is looking elsewhere to invest in companies to grow and potentially go public, with London no longer being a preferred location.
ITV Studios, responsible for hit shows such as Disney+'s Rivals, starring David Tennant, and Netflix's Run Away, has been a crucial part of ITV's operations. The broadcaster has heavily relied on its production arm, but this development does not affect the editorial independence of the articles.
Meanwhile, Jeff Zucker, boss of RedBird IMI, expressed concern about the regulatory environment in Britain during a conference in Cambridge. He did not specify the institution that criticized the regulatory environment regarding the ITV production takeover plans.
The news of the abandoned acquisition has sparked interest in the investment sector, with many wondering about the best options for investing accounts. This article provides a comparison of some of the top companies offering investment services, including AJ Bell, Hargreaves Lansdown, Interactive Investor, InvestEngine, and Trading 212. These companies offer learning more about their services online.
It is important to note that affiliate links may be present in this article, and if a product is taken out from these companies, This is Money may earn a commission.
Despite the abandoned acquisition, ITV continues to push forward, focusing on its core operations. As always, stay tuned for more updates on this developing story.
Read also:
- Federal petition from CEI seeking federal intervention against state climate disclosure laws, alleging these laws negatively impact interstate commerce and surpass constitutional boundaries.
- Duty on cotton imported into India remains unchanged, as U.S. tariffs escalate to their most severe levels yet
- Steak 'n Shake CEO's supposed poor leadership criticism sparks retaliation from Cracker Barrel, accusing him of self-interest
- President von der Leyen's address at the Fourth Renewable Hydrogen Summit, delivered remotely
