Xavier Niel official candidate for the takeover bid for M6

Xavier Niel official candidate for the takeover bid for M6

Xavier Niel has submitted an offer to buy the M6 ​​group in partnership with MediaForEurope, the television group founded by Silvio Berlusconi.

After the failure of the merger between TF1 and M6, Bertelsmann, a shareholder in Six, should not waste time selling his 48% stake in the French group. If the sale does not take place before the renewal of the M6 ​​frequency next May, it will have to wait until 2028 according to French law.

And everything could be resolved by the end of the week according to a source familiar with the matter, Le Figaro reveals. Three declared candidates are now in the first position. The first is a trio made up of Stéphane Courbit (FL Entertainment), Rodolphe Saadé (CMA-CGM) and Marc Ladreit de Lacharrière (Fimalac).

Even more surprising, the second is an unpublished duo formed by the founder of Free, Xavier Niel, and MediaForEurope, the television group founded by Silvio Berlusconi. According to another source close to the negotiations, his offer would be “far ahead in financial terms”, informs Les Echos. Finally, the Czech billionaire Daniel Kretinsky, already present in several French media, is also in the running with an offer at first sight “well below” the other two.

The three contenders would have presented an offer of more than 19 euros per share, that is, almost 1,100 million euros on the table to buy Bertelsmann’s stake in the French group headed by Nicolas de Taversnot (TV channels M6, W9, 6ter , Teva, Gulli and RTL, RTL2, Fun Radio).

A victory for the Niel-Berlusconi duo would allow MediaForEurope to gain a foothold in a new geography after Italy, Spain and Germany and thus continue their strategy of proclaiming themselves European champions against the American giants. For his part, the founder of Iliad could benefit from significant political support in Italy to continue his investments on the other side of the Alps. Last week, the telecommunications tycoon took a 2.5% stake in the capital of the British giant Vodafone, and only a few months later he was denied an offer regarding the acquisition of the Italian activities of the latter through the mother-house of Free.

Font : The Figaro, the echoes, Point

This article was taken from the Univers FreeBox website

Leave a Comment

Your email address will not be published. Required fields are marked *