RTL shares rise after the trading day: RTL does not want to sell broadcaster M6 after all

shares in this article

RTL

32.64 euros
0.80%

M6 is one of the best-run TV companies in Europe, and RTL wants to continue the strategy of building national media groups big enough to compete with US platforms, the Luxembourgers justified their decision.

M6 was originally going to be merged with TF1, but the deal fell through and RTL received multiple offers for majority ownership. However, the legal risks and uncertainties due to the necessary approval procedures of the cartel and media authorities are considered too high, according to RTL. The group remained convinced that market consolidation was necessary to compete with the global tech platforms – and that market consolidation in the European TV markets will take place sooner or later.

RTL shares temporarily rose by 1.73 percent to EUR 32.98 in after-hours Tradegate trading.

FRANKFURT (Dow Jones)

Image sources: 360b / Shutterstock.com, RTL Group