Black Mirror and Peaky Blinders producer Endemol Shine has been sold by the Walt Disney Company and buyout house Apollo in a deal said to be worth about €2bn.
French media house Banijay says it has entered a definitive agreement to buy the business, with Reuters citing sources detailing the buyout price.
Endemol rose to prominence in the late 1990s with shows such as Masterchef, and bit the big time with social experiment Big Brother in 2000.
The company was bought by Telefonica in a €5.5bn deal the same year, but by 2005 the company was valued at just €1.1bn.
Goldman Sachs Private Equity teamed with company co-founder Jon De Mol, Cyrte and Mediaset for a €3.4bn takeover in 2007, but the ensuing global financial crash led to the business being bought into by Apollo through a restructuring in 2012.
The company was merged with 21st Century Fox’s Shine production business in 2014, giving Fox and Apollo 50 per cent stakes.
Disney became a 50 per cent owner alongside Apollo earlier this year following its $71.3bn buyout of Fox.
Copyright © 2019 AltAssets