Zodiak in Talks to Buy Entertainment One, Telegraph Reports

Dec. 4 (Bloomberg) -- Zodiak Media Group, the producer of the “Location, Location, Location” television show is considering buying Canadian film distributor Entertainment One Ltd. for 400 million pounds ($624 million), the Sunday Telegraph said, without saying where it obtained the information.

A takeover of Entertainment One, which distributes the Twilight film series in the U.K. and Canada, would give Zodiak access to Canadian tax credits, the newspaper said. Zodiak is owned by Italy’s De Agostini SpA Group, the Telegraph said.

To contact the reporter on this story: Sarah Shannon in London at sshannon4@bloomberg.net.

To contact the editor responsible for this story: Simon Thiel at sthiel1@bloomberg.net