‘Survivor’, ‘Black Mirror’ Producer Banijay to Go Public in $4B Merger
The French industrial behemoth is joining forces with a company led by billionaires Bernard Arnault and Vincent Bolloré.
Banijay, the French-based production company whose hits shows include Survivor, Black Mirror and MasterChef
The deal would see Banijay’s assets folded into a new company, called FL Entertainment
an online sports betting firm Bolloré is a shareholder in FL Entertainment.
The group will be floated on Amsterdam’s Euronext stock market on July
The stock worth of the corporation is roughly $4.3 billion (€4.1 billion).
Existing Banijay and Betclic owners have agreed to reinvest in the new firm, including Vivendi, the French media behemoth.
Banijay Chairman Stéphane Courbit described the merger as a "watershed moment" in the company's history.
Aligning us with gold standard ESG and business excellence targets,
Banijay is one of the world’s largest television production groups,
The transaction comes at a time when private equity firms such as Blackstone are pouring money into the entertainment industry.