Banijay is set to acquire Australia’s Beyond International. The Big Brother and MasterChef firm has entered into a Scheme Implementation Deed to buy Beyond, which is listed on the Australian Securities Exchange.
Once the deal closes, Beyond will cease being publicly traded and be a wholly owned subsidiary of Banijay. Financial details were not disclosed.
For the international TV community, the deal will likely be the talk of Mipcom later this month and represents Banijay biggest M&A move since it closed its deal to acquire Endemol Shine Group last year.
Beyond International Managing Director and CEO Michael Borglund remains in post. “The Beyond Board is very much supportive of the deal, which will see us join Banijay’s group, bolstering its standing in what is an increasingly competitive market,” he said. “Joining a leading global business like this is a very exciting opportunity for us and we look forward to collaborating on newfound opportunities ahead.” Beyond is behind shows such as MythBusters, My Lottery Dream Home, Pooch Perfect, Love It Or List It Australia, Troppo and Halifax Retribution.
Read more on deadline.com