Banijay Group agreed to acquire a majority stake in German sports-betting company Tipico Group from buyout firm CVC Capital Partners, in a deal that values the target at 4.6 billion euros ($5.36 billion) including debt.
French content production and gambling group Banijay will combine Tipico with its Betclic sports-betting brand, the companies said Tuesday. The move that is set to double the size of the group’s gambling business and turn it into one of the biggest listed players in the industry globally by revenue.
Banijay, better known as the studio behind TV shows like Big Brother, MasterChef and Black Mirror, said this marks the largest acquisition in its history.
