As they look to “provide a French response to the challenges from global platforms,” leading French broadcasters TF1 and M6 have entered exclusive negotiations in view of a merger, TF1 parent Bouygues announced late Monday. The project has been unanimously approved by the boards of Groupe TF1, Groupe Bouygues, Groupe M6, and M6 parent Rtl Group.
The discussions, which would essentially see Bougyues acquire 30% of Groupe M6, are expected to last 18 months with completion aimed for by the end of 2022 after consultation with employees’ representatives, regulatory approvals, and shareholder meetings of both companies. Already on Tuesday morning in France, news outlets have noted potential competition issues related to advertising and content that could arise from such a fusion.
Bouygues said the proposed merger would result in the French media group with the “broadest TV, radio, digital, content production and technology offering to the benefit of all viewers and the French audiovisual industry.
The discussions, which would essentially see Bougyues acquire 30% of Groupe M6, are expected to last 18 months with completion aimed for by the end of 2022 after consultation with employees’ representatives, regulatory approvals, and shareholder meetings of both companies. Already on Tuesday morning in France, news outlets have noted potential competition issues related to advertising and content that could arise from such a fusion.
Bouygues said the proposed merger would result in the French media group with the “broadest TV, radio, digital, content production and technology offering to the benefit of all viewers and the French audiovisual industry.
- 5/18/2021
- by Nancy Tartaglione
- Deadline Film + TV
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