‘Cake Boss’ Producer High Noon Sells Controlling Slice To UK’s ITV

In its second buy into a U.S. production company in less than six months, ITV has acquired a controlling interest in Cake Boss producer High Noon Entertainment. In December Duck Dynasty maker Gurney Productions sold a controlling stake to ITV for $40M. In the High Noon deal, ITV will pay $25.65M upfront for 60% of the company with a further payment in 2015 contingent on High Noon’s performance. In keeping with the way it structures most of its acquisitions deals, ITV also has a put and call option to buy the rest of the company which can be exercised in four-six years. (more…)

This article was printed from https://deadline.com/2013/05/cake-boss-producer-high-noon-sells-controlling-stake-to-uks-itv-497389/