Banijay Group Closes Banijay Entertainment-All3Media Merger
Netherlands-listed content production and gaming company Banijay Group (BNJ.AS) said Thursday it completed the merger of Banijay Entertainment and All3Media. The merger was agreed with RedBird IMI, a joint venture backed by RedBird Capital Partners and Abu Dhabi's IMI. Banijay Group and RedBird IMI each own a 50% stake in the combined entity, which will operate as Banijay Entertainment. The deal is expected to deliver 50 million euros in cost synergies within one year of closing.
AS) said Thursday it completed the merger of Banijay Entertainment and All3Media. The merger was agreed with RedBird IMI, a joint venture backed by RedBird Capital Partners and Abu Dhabi's IMI. Banijay Group and RedBird IMI each own a 50% stake in the combined entity, which will operate as Banijay Entertainment. The deal is expected to deliver 50 million euros in cost synergies within one year of closing.