Bouygues, RTL Group Sign Agreements to Merge French TV Networks
08 Luglio 2021 - 06:50PM
Dow Jones News
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
July 08, 2021 12:45 ET (16:45 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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