Banijay's Tipico deal, All3Media entertainment merger to drive growth towards 2029

March 26 (Reuters) - French media ​group Banijay expects ⁠the acquisition of ​betting firm Tipico and the merger of its entertainment business ​with ‌All3Media's to boost revenue and profit growth and ⁠generate cash towards 2029.

Banijay, the ⁠producer of "Peaky Blinders" ​and the "Big Brother" franchise, and All3Media, the producer of "The Traitors" and "Squid Game: The Challenge", agreed earlier this month to ​merge ‌their entertainment production businesses to create one of Europe's largest multimedia production groups.

* 2029 target: revenue of 10 billion euros ($11.6 billion) vs ​7.4 billion euros in 2025 on a ‌pro forma basis that includes the two deals

* 2029 target: more than ‌7% EBITDA growth from last year's 1.6 billion euros pro forma

* Sees 100 million euros in ​cost savings at its gaming unit after Tipico acquisition

* Sees ‌savings of 50 million euros at the content production through the 50/50-owned merged business

* More than ⁠80% ⁠of EBITDA expected to turn ‌into free cash flow over 2026-2029

* Will pay 400 million ​euro ​exceptional dividend after the closing of ‌the All3Media merger

* Targets progressive dividend growth towards 2029

Banijay Group N.v.