Banijay chairman Stephane Courbit and a group of investors have bid for France’s M6 Group following the broadcaster’s failed merger with rival French network TF1.
Reuters reported last week that a consortium of high-profile French entrepreneurs including Courbit, billionaire Rodolphe Saade, and investor Marc Ladreit de Lacharriere was in pole position to clinch a deal.
The group has offered €20 euros a share for Bertelsmann’s 48% stake in the M6, Bloomberg News reported on Sunday.
Czech billionaire Daniel Kretinsky also made an offer for the stake, the report said.
Italian broadcaster MediaForEurope has also joined forces with French billionaire Xavier Niel to submit an offer for M6.
M6 and TF1, France’s top two commercial networks, abandoned their plans to merge last week after meetings with the country’s anti-trust board.
TF1, which is owned by Bouygues, and M6 Group, which is part of Bertelsmann-owned RTL Group, had unveiled their merger plans to form a $4-billion European media powerhouse back in May 2021.
France’s anti-trust board had raised a number of competition concerns over the merger in July, especially regarding the advertising market.
Courbit’s Banijay owns more than 120 production labels in 20 countries, and makes shows including Big Brother, Survivor and MasterChef.
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