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Exclusive-Bertelsmann's RTL scraps plan to sell stake in French TV Group M6

10/03/2022 | 12:50pm EST
FILE PHOTO: A man is silhouetted in front of the logo of German media group Bertelsmann prior to annual news conference in Berlin

MILAN/PARIS (Reuters) -Bertelsmann's RTL Group has scrapped a plan to sell its controlling stake in French TV group M6, the Luxembourg-based media group said on Monday, confirming an earlier Reuters report.

RTL and Bouygues, the parent group of France's biggest private TV network TF1, ended a plan to merge M6 and TF1 into a national television champion last month, saying demands by the French competition authority made it unworkable.

RTL was "inundated" with expressions of interest in its 48% stake in the French TV network after the collapse of the TF1-M6 merger plan, its boss Thomas Rabe said shortly after.

Rabe had added that going on with a sale of the M6 stake was only an option.

(Reporting by Mathieu Rosemain and Elvira Pollina; Editing by Benoit Van Overstraeten and Jane Merriman)

By Elvira Pollina and Mathieu Rosemain


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BOUYGUES SA -2.91% 29.05 Real-time Quote.-4.99%
M6 MÉTROPOLE TÉLÉVISION -1.70% 13.91 Real-time Quote.-17.54%
RTL GROUP S.A. 0.25% 40.6 Delayed Quote.-13.13%
TF1 0.07% 7.4 Real-time Quote.-15.24%
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