Bouygues: Proposed merger between the TF1 and M6 Groups abandoned
PROPOSED MERGER BETWEEN
THE TF1 AND M6 GROUPS ABANDONED
Paris, 16 September 2022
Bouygues, RTL Group, Groupe TF1 and Groupe M6
have today decided to call off their plan to merge the TF1 and M6
groups that was announced on 17 May 2021.
This decision comes after the parties appeared
at the hearings of the French Competition Authority’s board
(Collège) on 5 and 6 September 2022 to argue in favour of the
benefits and necessity of the deal.
Following the debates with the Authority and
despite the additional remedies proposed, it appears that only
structural remedies involving at the very least the divestment of
the TF1 TV channel or of the M6 TV channel would be sufficient to
approve the proposed merger. The parties have therefore concluded
that the proposed merger no longer has any strategic rationale.
As a result, and in agreement with the other
parties, Bouygues has decided to end the review of the transaction
by the Competition Authority.
The parties regret that the Competition
Authority did not take into account the speed and extent of the
changes sweeping through the French broadcasting sector. They
continue to firmly believe that a merger of the TF1 and M6 groups
would have provided an appropriate response to the challenges
resulting from the increased competition from the international
platforms..
Press and investor relations contacts
TF1 group
INVESTOR RELATIONS DEPARTMENT
comfi@tf1.fr
PRESS CONTACT
Maylis Carcabal - +33 (0) 6 63 59 87 05 -
mcarcabal@tf1.fr
Nicole Mariello - +33 (0) 6 62 31 33 04 -
nmariello@tf1.fr
M6 group
INVESTOR RELATIONS DEPARTMENT
Guillaume Couturié – +33 (0) 1 41 92 28 03 -
guillaume.couturie@m6.fr
PRESS RELATIONSPaul Mennesson - +33 (0) 1 41 92 61 36 -
paul.mennesson@m6.fr
Bouygues group
INVESTOR RELATIONS DEPARTMENT
investors@bouygues.com – +33 (0) 1 44 20 10 79
PRESS CONTACT
Pierre Auberger - +33 (0) 6 61 07 63 68 -
pab@bouygues.com
RTL Group
COMMUNICATIONS AND INVESTOR RELATIONS
Oliver Fahlbusch - +49 173 284 7873 – +352 621 265 649 -
oliver.fahlbusch@rtlgroup.com
ABOUT THE TF1 GROUP
The TF1 group is a major player in the production, publication
and distribution of content. Our raison d’être: to positively
inspire society. Our operations are split between two divisions:
The Media division is home to: our five free-to-air channels (TF1,
TMC, TFX, TF1 Séries Films, LCI); our four theme channels (Ushuaia
TV, Histoire TV, TV Breizh, Série Club); our on-demand content
platforms (MYTF1, TFOU MAX and Salto); our iconic digital brands
(including Marmiton, aufeminin, Doctissimo and Les Numériques); and
the TF1 PUB advertising airtime sales house. We also operate in
music production and live shows with Muzeek One. The Production
division, with Newen Studios, is home to 40 creative companies and
labels in France and abroad. The division creates and distributes
programmes across all genres and for all media industry players,
from public service and private-sector broadcasters to online
platforms. The TF1 group has operations in 20 countries and
employed 3,380 people as of 31 December 2021. In 2021, the Group
generated sales of €2,427m (Euronext Paris, compartment A: ISIN
FR0000054900).
https://groupe-tf1.fr/
ABOUT THE M6 GROUP Founded in 1987 on the basis
the M6 TV channel, the M6 group is a multimedia group offering a
wide range of programmes, products and services: TV (13 channels,
including M6, France’s second largest private channel) radio (3
stations, including RTL, France’s leading private radio station)
alongside production, digital, e-commerce, cinema, music, shows,
etc. Building on strong brands and content, M6 group has gradually
expanded its activities through targeted diversifications and
innovative offerings, such as 6play, a digital platform launched in
2013 (more than 28 million active users) and Salto, launched in
2020. Its objective: to extend the complementary of its brands in
order to meet the expectations of its various audiences in their
new consumption patterns.
For more information go to: groupem6.fr
ABOUT THE BOUYGUES GROUP
Bouygues is a diversified services group
operating in over 80 countries with 124,600 employees all working
to make life better every day. Its business activities in
construction and services (Bouygues Construction, Bouygues
Immobilier, Colas), media (TF1) and telecoms (Bouygues Telecom) are
able to drive growth since they all satisfy constantly changing and
essential needs.
ABOUT RTL GROUP
RTL Group is a leading entertainment company across broadcast,
streaming, content and digital, with interests in 56 television
channels, eight streaming services and 36 radio stations. The
Group’s families of TV channels are either number one or number two
in six European countries. RTL Deutschland is the Group’s largest
business unit and Germany’s first cross-media champion, operating
across TV, streaming, radio, digital and publishing. RTL Group's
streaming services include RTL+ in Germany, Videoland in the
Netherlands and 6play and Salto in France. Fremantle is one of the
world’s largest creators, producers and distributors of scripted
and unscripted content, responsible for around 12,000 hours of
programming per year, alongside an international network of teams
operating in more than 25 countries.Find out more on
company.rtl.com.
.
NOTICE
- The information was considered by
Bouygues SA and TF1, before its disclosure, as non-public
information within the meaning of the applicable regulations
(Article 7.1 of EU Regulation 596/2014,
16 April 2014).
- Responsible for notification:
Arnauld Van Eeckhout, General Counsel of the Bouygues group and
Philippe Denery, Executive Vice-President, Finance and Procurement,
TF1
Regulated information: Disclosure of inside information
according to Article 17 MAR
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