Banijay moved to acquire “Survivor” in late March and that deal will now close by the end of the month, the company told Variety, giving the France-based international producer and distributor one of the best-known unscripted properties in TV.
The new injection of cash comes in the form of a five-year bond. Announced at the end of June, the bond issue has now been completed. Banijay said that the cash will be used to finance the deal for Castaway and to refinance the debt it accrued as a result of its merger with Zodiak.
The company would not break out how much of the bond issue would be spent on Castaway, which is owned by Charlie Parsons, Waheed Alli and Geldof.
The trio kept the rights to the “Survivor