Time Warner Inc has made a non-binding offer for debt-burdened Dutch TV production company Endemol, a spokesman for Endemol said on Friday.Time Warner's offer values Endemol at 1 billion euros ($1.4 billion), including 600 million euros of remaining senior debt and 400 million euros of new equity from Time Warner, a person close to the restructuring said, adding that the rest of Endemol's debt would be written down if the deal goes through.Time Warner declined to comment.The offer for the "Big Brother" TV show maker should not come as a surprise as it is performing well and is a highly attractive asset, the Endemol spokesman said.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.12% or $-0.04/share to $34.36. In the past year, the shares have traded as low as $27.62 and as high as $38.62. On average, 10221000 shares of TWX exchange hands on a given day and today's volume is recorded at 5388610.
