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The potential bid process is being managed by UK Government Investments, The Telegraph reported, adding that the deal would be expected to close in the middle of 2022.

The media company’s Investigation's Chief's Henry Schleiff will exit the company to pursue production prospects as Jason Sarlania is promoted to President of Crime & investigative content for linear and streaming and Howard Lee expands his contributions to the Travel Channel.

The international deal-making move, consisting of mergers and acquisitions, including Roku, derived from AT&T’s Warner Media Divison’s recent merger with Discovery, as well as a spike in streaming success and demand across the globe.

The company will distribute the upcoming series "Great Southern Truckers", being produced by Stripe Studios for Discovery Australia and New Zealand, as well as two seasons of "The Circus".

The finished tapes of the social experiment were picked up by Discovery, Talpa and SBS and the format is currently in discussion with several partners worldwide.