The German media giant, parent company of RTL Group, decided to keep its majority participation of 48.3 % in the M6 group. Its leader, Thomas Rabe, explained this turnaround by “the legal risks and the uncertainties” linked to the authorization of the sale on the part of the various regulatory and competition authorities.
Le Monde with AFP
The media giant Bertelsmann, parent company of RTL Group, decided to keep its majority participation of 48.3% in the M6 group, despite several “financially attractive” offers, he announced on Monday October 3 a press release.
The Bertelsmann group sought to sell its majority participation in the capital of M6 after the failure of the merger with TF1, abandoned because of the reluctance of the competition authority. Its leader Thomas Rabe explained this turnaround by “the legal risks and the uncertainties” linked to the authorization of the sale on the part of the various regulatory and competition authorities.