Banijay Expands Dominance with Tipico Acquisition

Banijay is set to acquire a majority stake in Tipico, a leading betting firm, from CVC, consolidating its position in the European online gaming market. The acquisition, valued at 4.6 billion euros, will merge Tipico with Betclic, forming Banijay Gaming, Europe's largest sports betting company by revenue.

French media giant Banijay has announced plans to acquire a majority stake in betting firm Tipico from CVC, a notable private equity group. This strategic move aims to form one of Europe's preeminent online gaming operators.

The new entity, Banijay Gaming, will combine Tipico with Banijay-owned Betclic, elevating Banijay to the pinnacle of the continental sports betting market. The deal, which values Tipico at 4.6 billion euros, underscores Banijay's ambition to expand beyond its traditional media production roots, encompassing icons like 'Big Brother' and 'Black Mirror.'

Banijay anticipates closing the transaction by mid-2026. CEO Francois Riahi expressed confidence in gaining regulatory approval, citing limited overlap with current operations. The company continues to explore growth avenues in entertainment while focusing on this significant acquisition.

(With inputs from agencies.)