ITV acquires controlling stake in Gurney Productions

ITV has agreed to acquire a controlling stake in Gurney Productions, an independent producer of US cable television networks.

ITV has agreed to acquire a controlling stake in Gurney Productions, an independent producer of US cable television networks.

The UK TV network is purchasing a 61.5% stake in Gurney Productions for $40m, with a put and call option to buy the remaining 38.5% interest in the company. The put and call could be made from three years after the initial deal.

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