The European broadcaster put its nearly 50 percent of M6 up for sale to field offers for the French commercial channel.
M6 is the third most-watched TV channel in France and the country’s most profitable private network.
“Groupe M6 is one of the best-run TV companies in Europe with an excellent management team, led by its CEO Nicolas de Tavernost. In 2021, Groupe M6 achieved record operating results. We will continue to pursue our strategy to build national media groups of sufficient size to compete with the US platforms,” Rabe said in a statement.
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