Elsa Keslassy International CorrespondentBanijay’s $2.2 billion takeover of Endemol Shine, an Anglo-Dutch group twice its size, has given birth to a rare beast at a critical time.
The France-headquartered combined entity ranks as the —, and marks the indie world’s first major M&A deal to be completed in Europe since the start of the coronavirus pandemic.It was never a straightforward deal to begin with: the process took more than two years to materialize following a year of on-and-off courtship and was finally completed after an eight-month antitrust process.
Now the real work begins with a post-takeover integration that will take up to six more months. Banijay chairman Stephane Courbit, a self-made French entrepreneur, and his right-hand.
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