TV production giant Banijay to go public via Arnault-backed Spac
French entrepreneur Stéphane Courbit will take his television production company Banijay and online sports gambling group Betclic public via a Spac backed by prominent investors, including Bernard Arnault and Vincent Bolloré. The deal gives the new company, FL Entertainment, an enterprise value of €7.2bn, or €4.1bn in equity value. The shares will begin trading on…