ITV eyes approach for ‘Peppa Pig’ owner Entertainment One

itvThe London-based TV company has had preliminary talks with the Canadian group, which owns a majority stake in the cartoon franchise, about a potential deal, but no decision has been taken yet, said people informed about the situation.

Entertainment One has become a possible takeover target ever since its was forced to raise new debt to refinance, a move that had a significant effect on its share price. The London-listed company is trading at 158.60p, about half its all-time high, valuing the company at £678m ($964m).

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