You will be redirected back to your article in seconds

News Corp. mulls Shine bid

JP Morgan to advise TV group on 'strategic options'

LONDON — Rupert Murdoch’s News Corp. is weighing up a takeover of his daughter Elisabeth Murdoch’s global production and distribution outfit Shine Group, worth around $1 billion and whose successful shows include “Masterchef.”

A report in the U.K. newspaper the Daily Telegraph suggests that talks between the two parties are “progressing well.”

BSkyB, which is controlled by News Corp., owns 13% of Shine, while Sony holds 20% and Elisabeth Murdoch herself controls 53%.

With Blighty’s independent sector rapidly consolidating — last year Warner Bros. concluded a deal to buy Shed — several potential buyers are believed to have eyed up Shine in recent months.

Shine is estimated to be worth between £600 million ($949.9 million) and £800 million ($1.27 billion).

JP Morgan has been appointed to advise on “strategic options and growth opportunities,” but the move may not necessarily lead to a sale.

A Shine spokesman said: “Whilst we would not comment on speculation, Shine Group can confirm that given the current consolidation within the international production sector, the company has appointed JP Morgan to advise it on its strategic options and growth opportunities.

“Whilst this may or may not result in a transaction, until any conclusions are reached there will be no further comment.”

Murdoch founded Shine in 2001 and following a slow start has built the company through an ambitious program of acquisition.

Among the shingles it has bought are U.K. drama specialist Kudos and Reveille, the U.S. producer of “The Office.”

More TV

  • Disney-ABC TV Chief on Weinstein's Victims,

    Disney-ABC TV Chief Ben Sherwood on Weinstein's Victims, Shonda Rhimes' Exit

    LONDON — Rupert Murdoch’s News Corp. is weighing up a takeover of his daughter Elisabeth Murdoch’s global production and distribution outfit Shine Group, worth around $1 billion and whose successful shows include “Masterchef.” A report in the U.K. newspaper the Daily Telegraph suggests that talks between the two parties are “progressing well.” BSkyB, which is […]

  • Bill OReilly Roger Ailes Sexual Harrassment

    Bill O'Reilly, Roger Ailes Still Loom Over Fox's Business (Analysis)

    LONDON — Rupert Murdoch’s News Corp. is weighing up a takeover of his daughter Elisabeth Murdoch’s global production and distribution outfit Shine Group, worth around $1 billion and whose successful shows include “Masterchef.” A report in the U.K. newspaper the Daily Telegraph suggests that talks between the two parties are “progressing well.” BSkyB, which is […]

  • Bill O'Reilly Scandal

    21st Century Fox Defends Renewing Bill O'Reilly Contract Despite New Sexual Harassment Settlement

    LONDON — Rupert Murdoch’s News Corp. is weighing up a takeover of his daughter Elisabeth Murdoch’s global production and distribution outfit Shine Group, worth around $1 billion and whose successful shows include “Masterchef.” A report in the U.K. newspaper the Daily Telegraph suggests that talks between the two parties are “progressing well.” BSkyB, which is […]

  • RuPaul

    RuPaul Reveals the Queens Competing in 'RuPaul's Drag Race All Stars' Season 3

    LONDON — Rupert Murdoch’s News Corp. is weighing up a takeover of his daughter Elisabeth Murdoch’s global production and distribution outfit Shine Group, worth around $1 billion and whose successful shows include “Masterchef.” A report in the U.K. newspaper the Daily Telegraph suggests that talks between the two parties are “progressing well.” BSkyB, which is […]

  • Donald Trump

    SAG-AFTRA Supports 'Unencumbered Press' After Trump's License Revocation Threat

    LONDON — Rupert Murdoch’s News Corp. is weighing up a takeover of his daughter Elisabeth Murdoch’s global production and distribution outfit Shine Group, worth around $1 billion and whose successful shows include “Masterchef.” A report in the U.K. newspaper the Daily Telegraph suggests that talks between the two parties are “progressing well.” BSkyB, which is […]

  • Brent Briscoe Dead: 'Twin Peaks' and

    Brent Briscoe, 'Twin Peaks' and 'Parks and Recreation' Actor, Dies at 56

    LONDON — Rupert Murdoch’s News Corp. is weighing up a takeover of his daughter Elisabeth Murdoch’s global production and distribution outfit Shine Group, worth around $1 billion and whose successful shows include “Masterchef.” A report in the U.K. newspaper the Daily Telegraph suggests that talks between the two parties are “progressing well.” BSkyB, which is […]

  • 'Magnum P.I.' Reboot in Development at

    'Magnum P.I.' Reboot in Development at CBS From Peter Lenkov With Production Commitment

    LONDON — Rupert Murdoch’s News Corp. is weighing up a takeover of his daughter Elisabeth Murdoch’s global production and distribution outfit Shine Group, worth around $1 billion and whose successful shows include “Masterchef.” A report in the U.K. newspaper the Daily Telegraph suggests that talks between the two parties are “progressing well.” BSkyB, which is […]

More From Our Brands

Access exclusive content