Banijay Acquires Majority Stake in Tipico, Forming Major European Gaming Powerhouse

French media conglomerate Banijay has announced its acquisition of a majority stake in Tipico, a leading betting firm, from private equity titan CVC. This strategic move positions Banijay to become one of Europe's preeminent online gaming operators by merging Tipico with its existing company, Betclic, under the new entity Banijay Gaming.

The transaction, valued at 4.6 billion euros, underscores Banijay's ambitious expansion beyond its television production business, which includes popular shows like 'Big Brother' and 'Black Mirror.' Banijay will initially secure a 65% stake in the new company, with plans to increase its holding to 72% via call options.

Banijay anticipates the deal will generate significant annual cost benefits while retaining Tipico's headquarters in Malta, a key hub for online gaming. The acquisition is expected to close by mid-2026, pending regulatory approval, and aligns with Banijay's broader strategy of consolidation within the entertainment industry.