(Boursier.com) — M6 soared again by 8% to 14.43 euros on the Paris stock exchange, again driven by rumors of developments in its funding round… While RTL Group (Bertelsmann) wishes to get rid of its 48.26%, MFE was to present a non-binding cash offer on Friday to take over this stake, ‘La Stampa’ reported, without citing its sources… The offer from Silvio Berlusconi’s firm takes into account the new economic context , simply specifies the Italian daily…
It is true that time is running out for the German group wishing to refocus on the countries where it is the leader. The renewal of the frequency of the M6 channel is indeed planned for next May. However, French law prohibits the owner of the channel concerned from selling it within 5 years of this renewal…
Silvio Berlusconi is not the only one interested in the takeover file: According to Thursday’s ‘Financial Times’, a consortium of major French entrepreneurs, including Rodolphe Saadé, Stéphane Courbit and Marc Ladreit de Lacharrière, have notably come forward… Other billionaires such as Vincent Bolloré, Daniel Kretinsky or even Patrick Drahi would also be interested in M6.
The stock market is rocking!
Also note that on the stock market, M6 entered the ‘Convictions’ list of Oddo BHF. Opportunistically, and in a short-term perspective, the analyst explains his choice by speculative dimension rediscovered of the file since the failure of the merger scenario with TF1. Excluding the speculative aspect, its favorable opinion is based on the following points: commercial innovation which allows the group to regularly outperform the French TV market (high margins) and on the rise despite the economic and health crisis; synergies that could be generated in the context of a combination; management of the very strict cost base…
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