Sydney – Mariner Financial looks set to take over Beyond International Limited after BIL’s board accepted an offer of $A74.6 million ($US67.3 million), beating an earlier bid of $A72.8 million ($65.7 million) by Malaysian-based private equity firm Navis Media. Cementing its prospects of winning control of the TV producer/distributor, Mariner bought more than 5 million shares in Beyond, raising its stake to just under 20%. Beyond Chairman Ian Ingram serves on the board of Mariner, an investment firm whose initial bid for Beyond was bettered by Navis Media. Navis Media indicated it will not make a higher offer. A Federal Court hearing on Nov. 2 will lead to a shareholder vote on the deal. Beyond Managing Director Mikael Borglund tells Television Asia: “We will continue (our) growth strategy.” Mariner has flagged its intention to ask Beyond’s board to undertake a strategic review of growth opportunities, which may include the acquisitions of key creative talent, specific content formats, other independent production companies and companies involved in other forms of content production.
Ad – Before Content
Related Articles
- Solo Leveling Season 2 Premieres Exclusively this Sunday on Crunchyroll
- Reducing Costs in Large-Scale Live Streaming
- Every Moment Counts: Elevating The Live Sports Experience With Observability
- Cloud-Based Playout Keeps Most-Watched Kenyan Kids Network On-Air and Glitch-Free for Four Years
- Winsing to Showcase New Toylines in Exclusive Showroom During 2025 Hong Kong Toy Fair
- A milestone year with global participation at ATF’s 25th Anniversary