Television production company Beyond International has opted for a $75 million takeover from private equity group Navis Media instead of an earlier $68.7 million bid from its largest shareholder, investment firm Mariner Financial.

Beyond's board met on Monday to consider Mariner's proposal to buy the 89 per cent of the company it does not already own for $1.15 a share but instead opted unanimously for Navis's competing bid of $1.22 a share.