(CercleFinance.com) – The France Télévisions group has expressed its desire, in the event of the merger of TF1 with M6, to sell its stake in Salto. This is the subscription video-on-demand service, launched in October 2020, owned equally by France Télévisions, TF1 and M6.
The TF1 and M6 groups undertake, in the event of the completion of their merger project, to buy back the 33.33% stake in France Télévisions for a final value of €45m.
The new group would then own 100% of Salto to develop a streaming project.
Salto will remain jointly controlled by its three shareholders throughout fiscal 2022 to continue the development of the platform.
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