Sydney–Investment firm Mariner Financial Limited has launched a take-over offer for Beyond International Limited, which values the Australian television producer-distributor at $A68.7 million ($US57.8 million). Mariner is offering $A1.15 per share, a 25% premium over Beyond’s last sale price. Beyond International said it would “consider the offer in the context of other indicative proposals it has received” before making an announcement on the bid. Mariner already owns 11% of Beyond and is associated with Ian Ingram, Beyond’s Chairman. If the bid succeeds, Beyond will be held by a private equity fund to be established by Mariner. “Through our existing shareholding in Beyond and the recent due diligence exercise we have undertaken we are confident that the company represents an attractive private equity investment for Mariner,” said Bill Ireland, Managing Director of Mariner. Established in 1984, Beyond is a regular supplier of factual programming to Discovery Networks, National Geographic Channel and Animal Planet, and it has production bases in Washington DC and San Francisco.
Ad – Before Content
Related Articles
- JioCinema Premium to Stream HBO Original Drama Series DUNE: PROPHECY on November 18
- Eccho Rights to Showcase TOD’s new series Beneath the Surface at MIPCOM
- SPNI announces leadership transition in its kids and animation portfolio
- Keshet International & Satisfaction Group’s Ah! Production to co-develop Together or Never for the French Market
- Escapade Media announces international pre-sales for political thriller Debriefing the President ahead of MIPCOM
- GoQuest Media secures multi-territory deal for Kuma (The Other Wife)