Private-equity firm KKR & Co (KKR.N) may bid for television distributor Entertainment One Ltd (ETO.L) after the owner of the preschool cartoon character “Peppa Pig” rejected an offer from UK broadcaster ITV Plc (ITV.L),Bloomberg reported on Sunday.
KKR has not decided whether to make a bid, Bloomberg reported, citing sources.
Entertainment One last week rejected a 1 billion pound ($1.3 billion) takeover offer from British broadcaster ITV, saying it undervalued the production and distribution company.
READ FULL ARTICLE HERE
