France Télévisions Poised to Sell Salto Stake


France Télévisions is planning to divest its equity interest in Salto if the proposed merger between the TF1 and M6 groups is completed.

Under the terms of a new agreement, the TF1 and M6 groups have undertaken that if the merger is completed, they would buy out the 33.33 percent equity interest held by France Télévisions at a definitive value of €45 million ($49 million). The new group would then own 100 percent of Salto.

This agreement is conditional on the completion of the merger between the M6 and TF1 groups. For now, Salto will remain under the joint control of its three shareholders throughout 2022.