Banijay Close to Securing Deal for Endemol Shine

Banijay Group is on the verge of sealing a deal for production and distribution powerhouse Endemol Shine, sources tell Variety.
Vivendi-backed Banijay and Endemol Shine’s joint owners, Disney and Apollo, are understood to have scheduled a meeting for Thursday after talks accelerated in recent days, with Banijay now on the brink of finally closing a deal for a big asset it has been chasing.
Numerous industry players have taken a look at Endemol Shine, a huge production and content sales operation that has shows including “Black Mirror” and “Big Brother” in its deep catalogue. Eighteen months of on-and-off talks with various suitors have so far failed to reach a deal. All3Media dropped out of negotiations in recent weeks.
A source with knowledge of the situation told Variety that the purchase price in the proposed Banijay deal will be in the region of €2 billion. The source said Vivendi’s backing has been key to moving a deal forward.
Combining Banijay and Endemol Shine wold create an enormous content business, with production companies in Europe and the U.S., a deep catalogue and sizable sales arms. There would be crossover on the distribution side.
Banijay has been in advanced talks with Endemol Shine shareholders before, but sources suggested this time a deal seems likely.
It would bring to an end a protracted sale process that has seen the likes of ITV, Fremantle out of Europe, and Endeavor Content and Sony in the U.S. among numerous players that reportedly kicked the tires of Endemol Shine.
Britain’s Daily Telegraph was the first top report that Banijay was on the brink of a deal for Endemol Shine.
Elsa Keslassy contributed to this report.