Sale of M6: the contenders’ match is on

Les offres déposées dépassent 19 euros par action, valorisant donc la participation dans M6 au moins 1,2 milliard d'euros.

Posted Sep 25, 2022, 4:55 PMUpdated on Sep 25, 2022 at 6:01 PM

Disappointed at not having been able to marry M6 to TF1, the shareholder of Six, Bertelsmann, is on the floor to conclude the sale of its 48% stake. Everything could have to be completed by the end of this week, indicate several sources familiar with the matter. It must be said that French legislation would force the German group to wait until 2028 if the sale did not take place before the renewal of the M6 ​​frequency next May. And that it is apparently necessary to have a stable shareholder at the end of 2022 to apply for this license.

According to our information, on Friday September 23, Bertelsmann received several offers which should not leave him indifferent and whose financing he will now carefully scrutinize. Even if the first indications on their structure vary, at least two offers would exceed 19 euros per share, thus valuing the stake in M6 at around 1.2 billion euros, i.e. the theoretical level that Bertelsmann would have obtained within the framework of the transaction with TF1.

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