French broadcaster M6 it is on the public sale block.
RTL Groupthe European broadcaster, which owns just below 50 p.c of M6, has confirmed it’s entertaining gives for the French business channel after a deliberate merger between M6 and rival TF1 collapsed over antitrust considerations.
Thomas Rabe, CEO of mother or father firm RTL Bertelsmannhe stated Monetary Instances that he was “testing the market” to promote the M6 after being “inundated with expressions of curiosity” when the mega-merger fell by.
RTL and France’s Bouygues Group, which owns a 44 p.c stake in TF1, deliberate to merge M6 and TF1 to create a supercharged French business broadcaster that may have the dimensions and financial clout to compete worldwide streamers akin to Netflix, Amazon Prime and Disney+. However they deserted the deal after French competitors authorities stated they’d approve the merger provided that the teams bought one of many networks’ two flagship channels: both TF1 or M6.
Potential M6 consumers embrace Stéphane Courbit of the manufacturing large banijayFrench media group Vivendi, fast-growing manufacturing and gross sales firm Mediawan, French transport magnate Rodolphe Saadé and billionaire investor Marc Ladreit de Lacharrière.
Any sale would change the facility dynamics of your complete European tv trade. M6 is the third most watched tv channel in France and essentially the most worthwhile personal community within the nation.