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Bertelsmann Boss Wants To Revisit $4.1B Merger Between French Nets TF1 And M6
Bertelsmann CEO Thomas Rabe wants to revive the failed merger of French nets TF1 and M6.
Speaking to the FT, Thomas Rabe said that softening European regulation meant he will exploring how to revive the merger, which would have brought his RTL-owned M6 together with Bouygues-owned commercial broadcaster group TF1. The previous attempt to bring the companies together in 2022 was abandoned after being thwarted by European Union regulators, who considered the merged group would be too dominant in the TV advertising market and said one of the main channels involved would need to be sold to rectify the issue. However, with Europe appearing to be more agreeable to its media groups strengthening in the face of the Trump administration in the U.S. and increasingly powerful global streaming services, Rabe wants to put a “highly” synergistic deal back on the agenda.
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