Time Warner eyes buyout of Endemol

MUMBAI: US media conglomerate Time Warner is believed to be looking at buying television format creator and executive producer Endemol.

Reports indicate that it is bidding $1.4 billion for Endemol which makes and markets formats like ?Big Brother?.

Endemol is looking to re-organise 2.8 billion euros in debt.

However, there is also talk that Endemol might reject offers. Endemol is co-owned by Silvio Berlusconi?s Mediaset, Goldman Sachs? Capital Partners and Endemol founder John De Mol?s investment vehicle Cyrte.

Reports add that Mediaset has joined forces with Clessidra, an Italian private equity group, to buy Endemol.