Discovery and Liberty Global for 1.15B ($1.45B).
The deal will complete in Q2 or Q3 of this year subject to regulatory approvals.
All3Media CEO Jane Turton and COO Sara Geater will continue to lead the company, RedBird said.
‘The Traitors’ host Claudia WinklemanBBC/Studio Lambert
Redbird IMI is 75%-owned by Abu Dhabi andwas formedin 2022.
RedBird also teamed with Dwayne Johnson and Dany Garcia to buy the XFL out of bankruptcy.
We understand some bidders had balked at All3Medias quite considerable debt pile, which amounts to some 760M.
All3Media revenues rocketed 17% to 1B ($1.3B) last year, as werevealedin late June.
JP Morgan acted as financial advisor to Warner Bros.
Discovery and Liberty Global, and DLA Piper acted as their legal advisor.
