The merger project between the TF1 and M6 groups abandoned



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PARIS–(BUSINESS WIRE)–Regulatory news:

Bouygues, RTL Group, TF1 Group and M6 Group (Paris: MMT) have decided today to cancel their plan to merge the TF1 and M6 groups announced on May 17, 2021.

This decision comes after the appearance of the parties at the hearings of the Board of the Competition Authority (Middle School) on September 5-6, 2022 to make the case for the benefits and necessity of the deal.

Following discussions with the Autorité and despite the additional remedies proposed, it appears that only structural remedies involving at least the sale of the TF1 television channel or the M6 ​​television channel would suffice to approve the merger project. The parties therefore concluded that the proposed merger no longer had any strategic logic.

Consequently, and in agreement with the other parties, Bouygues has decided to end the review of the transaction by the Autorité de la concurrence.

The parties regret that the Competition Authority did not take into account the speed and extent of the changes that are disrupting the French audiovisual sector. They continue to firmly believe that a merger of the TF1 and M6 groups would have provided an appropriate response to the challenges resulting from increased competition from international platforms.

ABOUT THE TF1 GROUP

The TF1 group is a major player in the production, publishing and distribution of content. Our purpose: to positively inspire society. Our activities are divided into two divisions: The Media division includes: our five free channels (TF1, TMC, TFX, TF1 Séries Films, LCI); our four themed channels (Ushuaia TV, Histoire TV, TV Breizh, Série Club); our on-demand content platforms (MYTF1, TFOU MAX and Salto); our iconic digital brands (including Marmiton, aufeminin, Doctissimo and Les Numériques); and the TF1 PUB advertising agency. We also operate in music production and live shows with Muzeek One. The Production division, with Newen Studios, brings together 40 creative companies and labels in France and abroad. The division creates and distributes programs in all genres and for all players in the media industry, from public and private broadcasters to online platforms. The TF1 group is present in 20 countries and employed 3,380 people as of December 31, 2021. In 2021, the Group generated revenue of €2,427 million (Euronext Paris, compartment A: ISIN FR0000054900).

https://groupe-tf1.fr/

ABOUT THE M6 GROUP

Created in 1987 on the basis of the TV channel M6, the M6 ​​group is a multimedia group offering a wide range of programmes, products and services: TV (13 channels including M6, 2nd private channel in France) radio (3 channels including RTL, first private radio station in France) alongside production, digital, e-commerce, cinema, music, entertainment, etc.

Relying on strong brands and content, the M6 ​​group has gradually extended its activities through targeted diversification and innovative offers, such as 6play, a digital platform launched in 2013 (more than 28 million active users) and Salto , launched in 2020.

Its objective: to extend the complementarity of its brands in order to meet the expectations of its different audiences in their new modes of consumption.

For more information go to: https://groupem6.fr

ABOUT THE BOUYGUES GROUP

Bouygues is a diversified services group present in more than 80 countries with 124,600 employees who work every day to improve lives. Its construction and services businesses (Bouygues Construction, Bouygues Immobilier, Colas), media (TF1) and telecoms (Bouygues Telecom) are driving growth because they all meet constantly changing and essential needs.

ABOUT RTL GROUP

RTL Group is a leading broadcast, streaming, content and digital entertainment company with interests in 56 television channels, eight streaming services and 36 radio stations. The Group’s families of television channels are number one or number two in six European countries. RTL Deutschland is the group’s largest business unit and Germany’s first cross-media champion, operating across TV, streaming, radio, digital and publishing. RTL Group’s streaming services include RTL+ in Germany, Videoland in the Netherlands and 6play and Salto in France. Fremantle is one of the world’s largest creators, producers and distributors of scripted and unscripted content, responsible for approximately 12,000 hours of programming per year, alongside an international network of teams operating in over 25 countries .

Learn more about company.rtl.com.

TO REMARK

  • The information was considered by Métropole Télévision, before its disclosure, as non-public information within the meaning of the applicable regulations (article 7.1 of EU Regulation 596/2014, April 16, 2014).

  • Responsible for the notification: Jérôme Lefébure, Chief Financial Officer

Regulated information: Communication of privileged information in accordance with article 17 MAR

Press contacts and investor relations

TF1 group

INVESTOR RELATIONS DEPARTMENT

[email protected]

PRESS CONTACT

Maylis Carcabal – +33 (0)6 63 59 87 05 – [email protected]

Nicole Mariello – +33 (0)6 62 31 33 04 – [email protected]

M6 Group

INVESTOR RELATIONS DEPARTMENT

Guillaume Couturié – +33 (0) 1 41 92 28 03 – [email protected]

PRESS RELATIONS

Paul Mennesson – +33 (0) 1 41 92 61 36 – [email protected]

Bouygues group

INVESTOR RELATIONS DEPARTMENT

[email protected] – +33 (0)1 44 20 10 79

PRESS CONTACT

Pierre Auberger – +33 (0)6 61 07 63 68 – [email protected]

RTL Group

COMMUNICATION AND INVESTOR RELATIONS

Olivier Fahlbusch – +49 173 284 7873 – +352 621 265 649 – [email protected]

Source: M6 METROPOLE TELEVISION

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