Bertelsmann acquires stake in Canal+ France
According to the media service Kress.de, this means Bertelsmann is involved in the restructuring of the French pay-TV market.
The German media group Bertelsmann's M6 channel is to hold a 5.1 percent stake in the new French TV group Canal+ France. Bertelsmann is thus involved in the reorganization of the French pay-TV market, reports the media service Kress.de. The majority stake and management of Canal+ France will remain in the hands of the conglomerate Vivendi Universal, with the media and defense group Lagardére becoming the second-largest shareholder with 20 percent. According to Kress.de, the deal still has to be approved by competition authorities and media regulators as well as the employees and works councils of the companies involved. The new group should be in place by the end of September.
