RedBird IMI strikes $1.45 billion deal for UK’s All3Media, FT reports

By Thomson Reuters Feb 16, 2024 | 7:18 AM

(Reuters) -Investment group RedBird IMI has agreed to buy UK film and TV production firm All3Media for 1.15 billion pounds ($1.45 billion), the Financial Times reported on Friday.

The company behind hit shows such as ‘Fleabag’ and ‘Midsomer Murders’ is owned jointly by Warner Bros Discovery and Liberty Global.

RedBird IMI is led by former CNN executive Jeff Zucker and backed by Mansour bin Zayed Al Nahyan, a member of the ruling family of Abu Dhabi and the owner of soccer club Manchester City.

The group agreed to buy the UK’s Telegraph newspaper and Spectator magazine late last year in a deal currently under regulatory review.

Zucker, CEO of RedBird IMI, will become the chair of the All3Media board, according to the report.

RedBird IMI and Liberty Global did not immediately respond to Reuters requests for comment.

($1 = 0.7951 pounds)

(Reporting by Eva Mathews in Bengaluru; Editing by Shailesh Kuber)