From the merger, a new sports joint venture will be born for the United Kingdom and Ireland. Although the amount of the operation was not disclosed, it is speculated that the deal was closed at £540 million.
TF1 and M6 have offered to keep their advertising businesses separate for three years after their merger in an attempt to secure regulatory approval of the fusion.
France's Le Autorité de la Concurrence has raised many significant competition concerns about the local merger, especially regarding the advertising market.
Previously Deputy Managing Director of Newen Studios, Pugacewicz will now oversee the Mergers & Acquisitions and Legal and Human Resources departments.
France’s competition watchdog, the Autorité de la Concurrence, announced that it will launch an in-depth review, known as “phase 2,” of the merger project of TF1 and M6, the country’s top two commercial broadcasters.