By Mauro Orru
Bouygues SA and RTL Group SA have signed agreements to merge French TV networks Television Francaise 1 SA and M6-Metropole Television SA, a move set to create a streaming-focused French operator.
The companies entered into exclusive talks in May over a merger between Bouygues-controlled TF1 and RTL-controlled M6.
Bouygues said Thursday that the signing came after employee representative bodies of the French construction-and-media conglomerate, TF1 and M6 all issued favorable opinions on the proposed merger.
The transaction should close by the end of 2022.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
07-08-21 1245ET