Elsa Keslassy International CorrespondentBanijay, Stéphane Courbit’s TV production and distribution powerhouse behind “Survivor” and “Peaky Blinders,” is set to go public and enter the stock exchange in Amsterdam through a newly-created special purpose acquisition company or SPAC.Named FL Entertainment, the listed banner will comprise Banijay and Courbit’s online gambling group Betclic.
It will merge with a second SPAC called Pegasus Entrepreneurs which was formed by Tikehau Capital and Financière Agache, LVMH founder Arnault’s investment company, according to the Financial Times.
The new banner is also backed by shareholders in Banijay and Betclic, for instance Vincent Bolloré’s Vivendi. The deal gives FL Entertainment an enterprise value of €7.2 billion ($7.6 billion), or €4.1 billion ($4.3 billion) in equity value, according to the Financial Times.
The shares will begin trading on Euronext in Amsterdam on July 1. The strategic move comes roughly two years after Banijay’s €2.2 billion acquisition of Endemol Shine.
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