'The Takeover' to hit UK screens as Channel 4 commissions Irish series
A UK version of RTE business series 'The Takeover' is to be aired on Channel 4, but Norah Casey will be replaced as host by Hilary Devey - a former star of the UK edition of Dragons' Den.
The new show will be a joint venture between Sony Pictures Television and UK based TV production company Victory Television.
Sony acquired the worldwide rights to the show's format from Drogheda-based company Toto Productions, who created the format.
Toto refused to say how much the deal was worth.
The show sees the employees of a business take over the running of the company from management.
Toto co-owner Ruth Roden said the format has resonated with Irish viewers.
"It's really exciting to see it across the water and to see how well it does," Ms Roden told the Irish Independent.
"I guess it's the simple idea that the lunatics take over the asylum, and it's also giving people a chance that wouldn't normally have a chance.
"It's a whole load of different things, it's people coming together, it's people being able to express ideas they've never done before, there's so much going on."
Ms Casey is chairwoman of magazine company Harmonia, which publishes titles including 'Woman's Way' and 'Irish Tatler'.