Banijay buys Tipico stake from CVC to create European betting giant
Update: 2025-10-28
Description
Banijay, a media company known for shows like Big Brother and Black Mirror, is making waves by acquiring a majority stake in Tipico, a leading betting firm. This move, valued at €4.6 billion, will create Banijay Gaming, Europe's largest sports betting operator by revenue. The deal, set to close by mid-2026, will see Banijay's shares jump by over 7% and expects around €100 million in annual cost savings. Banijay plans to sell its shares in Bet-at-home and keep Tipico's operations as they are, signaling a strategic shift towards gaming while maintaining its core entertainment business.
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