Earlier this month,Toronto-based media conglomerate Entertainment Onerejected a takeover approach from UK broadcaster ITV. The British company today says it is withdrawing its tender altogether. Its proposal valued the global film and TV indie at approximately £1B ($1.3B) and eOne at the time said the offer "fundamentally undervalues the company and its prospects." ITV evidently disagrees.
In a statement, the company said today that it “continues to believe in the strategic logic…
Source: deadline.com