Both groups have undertaken that if the operation is finalized, they would buy out the 33.33% equity interest held by France Télévisions at a definitive value of €45 million.
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.