21st Century Fox and Apollo seal deal to merge Endemol, Core and Shine

Rupert Murdoch’s 21st Century Fox and Apollo Global Management have finalised the deal to combine three TV production groups behind hit shows including Big Brother, American Idol and MasterChef under one group. The companies said they would set up a joint venture to hold Apollo-controlled Endemol and Core Media and Fox’s Shine Group. Fox and Apollo will each own 50% of the new entity.

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