UK broadcaster ITV has confirmed its interest in acquiring leading TV production group All3Media.

In a statement to the London stock exchange, ITV said that it is “actively exploring the possible acquisition” of All3Media.

1. ITV Confirms Interest in Buying All3Media

ITV has confirmed interest in acquiring All3Media

All3Media is home to more than 50 production companies in the UK and internationally, including The Traitors producer Studio Lambert, The Tourist producer Two Brothers Pictures and Call the Midwife producer Neal Street.

Reports say All3Media could be valued at more than £1 billion.

All3Media is owned by Warner Bros Discovery and Liberty Global, while ITV is Britain’s biggest free-to-air commercial broadcaster.

Reuters reported last week that Warner Brothers could sell its All3Media holding while Liberty Global could retain a stake in a merged entity, which would comprise ITV Studios and All3Media.

Another option is that ITV buys out both parties entirely.

In its statement, the broadcaster said: “ITV Plc notes the recent media speculation and confirms that it is actively exploring the possible acquisition of All3Media.

“There can be no certainty as to whether any transaction will take place, nor as to the terms of any such transaction.”

ITV has been building up its production division, ITV Studios, in recent years as it seeks to diversify its revenues beyond television advertising.

Read more ITV Academy: Lowering barriers and increasing skillsets