TF1/M6 Merger Under Threat As French Competition Authority Raises Concerns

  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

The proposed merger between French broadcasting groups TF1 and M6 has hit a potential obstacle after France’s competition authority raised concerns about the deal. Leading commercial broadcasters T…

Leading commercial broadcasters TF1 Group, M6 Group and their respective parent companies Bouygues and the RTL Group first announced they were inThey said their aim was to create a commercial broadcasting giant – spanning TV, radio, digital, content production and technology – with the breadth and scale to compete against the global platforms.

The TF1 Group, parent company Bouygues and M6 released identical statements in response to the report. They downplayed its significance but at the same time noted that antitrust measures suggested by the authority could kill the deal. “The nature and extent of the remedies required in the report would mean that the merger plans would no longer be meaningful for the parties involved and they would therefore abandon them.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 109. in BUSİNESS

Business Business Latest News, Business Business Headlines