Return to search

Trouble

Lenders to Endemol look set to take over the Dutch TV show producer in a debt-for-equity swap, rejecting Time Warner’s new €1 billion ($1.3 billion) bid, Reuters reported. Silvio Berlusconi’s Mediaset, Goldman Sachs Capital Partners and Cyrte Investments agreed to buy Endemol in 2007 for €2.6 billion. Barclays Capital, Credit Suisse, Goldman Sachs, ABN AMRO, Lehman, and Merrill Lynch arranged €2.2 billion of loans in 2008 to back the buyout, according to Thomson Reuters LPC data.