Time Warner has offered 1 billion euros (847 million pounds) in cash to buy television production company Endemol, maker of Big Brother, which is trying to restructure about 2 billion euros of debt, an Endemol spokesman said on Monday.

The spokesman said Endemol believed it had a future as an independent company and was no more likely to accept the latest offer than it was Time Warner's previous debt-and-equity offer last month.

From the company's perspective, this doesn't change anything. We're focused on getting a restructuring with lenders complete, he said. Those discussions have now entered their final stages. We're confident an agreement is imminent.

Endemol, which is owned by Goldman Sachs , Mediaset and founder John de Mol's boutique investment firm Cyrte, has breached its banking covenants. A waiver has been extended from mid-November until Tuesday.

The spokesman said the Netherlands-based company is set to beat expectations of earnings before interest, tax, depreciation and amortisation of 140 million euros this year.

As far as Endemol is concerned, this is a company that has strong prospects as an independent business, he said.

Endemol operates in 31 countries including the United States, Britain and India and specialises in reality-TV and game formats such as Deal or No Deal and Extreme Makeover that are sold all over the world.

New York-based media conglomerate Time Warner last year bought Britain's Shed Media, the company behind such programmes as Supernanny, for 100 million pounds ($156 million) as it looks to bulk up international programming and add more reality shows.

(Reporting by Georgina Prodhan; Editing by Will Waterman)