The TF1 and M6 groups announced Friday the abandonment of their merger project, judging that it does not present “no more industrial logic” given the concessions demanded of them by the Competition Authority, in particular the sale of the TF1 or M6 channel. “Bouygues, RTL Group, TF1 and the M6 group are today putting an end to the project to merge the TF1 and M6 groups, announced on May 17, 2021”, explain the four entities in a press release. Since “only structural remedies concerning at least the sale of the TF1 channel or the M6 channel would be such as to allow the authorization of the operation”, the parties have concluded “that the project no longer presented any industrial logic”.
More information to come…