Endemol Sold

Endemol, which was formed in 1994 and are the creators behind Big Brother has been sold to a consortium for £2.4 billion. The consortium today announced it had acquired 99.54% of shares in the firm. Endemol is one of the biggest independent TV companies in the world. The same consortium bought 75% of Endemol shares from Spanish telecoms group Telefonica for £1.78 billion in July and 6% shares from the Cyrte investment fund, controlled by Endemol co-founder John de Mol.