TF1 Parent Company Bouygues, M6 Groupe Enter Into Negotiations to Form $4 Billion European Media Powerhouse

TF1 Parent Company Bouygues, M6 Groupe Enter Into Negotiations to Form $4 Billion European Media Powerhouse
Bouygues-owned TF1 Groupe, France’s leading commercial network, is on track to merge with M6 Groupe which is part of Berteslmann-owned Rtl Group. The companies confirmed on Tuesday that they have entered into exclusive negotiations to merge the activities of TF1 and M6 to “create a major French media group” and “master the challenges arising from the accelerating competition with global platforms.”

Under the proposed deal, Bouygues would have a 30% stake in M6 Groupe, and Rtl Group would retain 16% of the capital. Nicolas de Tavernost, the long-time CEO of M6 Groupe, would remain at the company as chairman, and Bouygues
See full article at Variety - TV News »

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