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France’s M6 Put Up For Sale, Circled by French Shipping Tycoon Rodolphe Saade, Among Others
Elsa Keslassy International Correspondent German media group Bertelsmann has put its TV group M6, France’s second-biggest commercial broadcaster, back on the market following its abandoned merger with TF1. Bertelsmann’s chief executive Thomas Rabe told the Financial Times that he has asked to receive non-binding offers by Friday to “test the market” after being “inundated with expressions of interest.” Bertelsmann’s RTL Group owns a 48.3% stake in M6 Among those expected to bid are a consortium of high-profile French entrepreneurs including Rodolphe Saadé, the French shipping billionaire; Stéphane Courbit, chairman of TV powerhouse Banijay; and Marc Ladreit de Lacharrière, chairman of the investment vehicle Fimalac, Variety has confirmed.