If approved, the deal would create France’s largest broadcasting group, with pro forma revenues of $4.13 billion and operating profits of $560 million annually. On the streaming side, the combination of online operations MyTF1 and M6’ 6play could create a potential French champion to take on the global streamers.
The merger, announced late Monday, would see Groupe Bouygues take over pay RTL $779 million for 11 percent of the new company to secure a total of around 30 percent of the merged group. RTL will retain around 16 percent, with the remaining 54 percent in free float. Groupe Bouygues would control the new company with RTL remaining on as a strategic shareholder.
Just another merger to hide the rather pitiful state of mainstream big and historic french channels. Loss of advertising, loss of audiences because people are not consuming tv as they did before... they'll need more than a miracle to get back.
bruh wtf everyboy wanna merge their shit rn