M6: would have received an offer at a price of 20 E per share – 09/26/2022 at 08:48

( – Marc Ladreit de Lacharrière, Rodolphe Saadé and Stéphane Courbit would have proposed the price of 20 E per share for the buyout of Bertelsmann’s stake in M6 according to Bloomberg. This price represents a premium of 39% on the last price of M6 underlines Invest Securities.

Daniel Kretinsky and Xavier Niel, associated with MediaForEurope, would also have presented an offer according to the press agency.

In the wake of the abandonment of the merger with TF1, the media group Bertelsmann, the main shareholder of M6 via its subsidiary RTL (with 48% of the capital), was looking for an alternative and would have asked the buyers to come forward before last Friday .

“This very tight schedule is explained by the license renewal that M6 must request in May 2023 and which means that the group will not be transferable for five years”, explain the analysts of Invest Securites in a reaction note.

‘The transfer should therefore be signed by the end of October, in order to allow time for the Competition Authority and Arcom (ex-CSA) to decide,’ explains the brokerage firm.

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