Home / Business and Economy / Banijay Acquires Betting Behemoth Tipico for €3B, Targets €100M in Synergies
Banijay Acquires Betting Behemoth Tipico for €3B, Targets €100M in Synergies
28 Oct
Summary
- Banijay Group's largest acquisition, spending €3B for majority stake in Tipico
- Tipico to be combined with Banijay's Betclic to form new Banijay Gaming division
- Deal expected to create Europe's fourth largest sports betting and gaming operator
In a major move, Banijay Group has announced the acquisition of a majority stake in betting behemoth Tipico Group for €3B. This transaction, described as the "largest acquisition in its history," will see Banijay combine Tipico with its own betting arm, Betclic, to establish a new Banijay Gaming division.
The deal, which is expected to close by mid-2026 following regulatory approvals, will create the fourth largest sports betting and gaming operator in Europe. Tipico, headquartered in Malta with branches across Europe, employs around 1,800 staff. Banijay's net financial debt stood at €2.6B as of December 31, 2024, and the group is targeting €100M in annual synergies from the acquisition in the medium term.
Banijay Group CEO François Riahi expressed delight at the transformative nature of the deal, stating that Tipico fits perfectly with the group's strategy of expanding and creating value in the entertainment and betting sectors. The transaction will see Tipico founders roll over their entire stake into Banijay Gaming, a testament to their trust in the future value creation potential of the combined entity.
