Allen & Overy advises M6 on the sale of the channel 6ter to Altice Media
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Allen & Overy has advised M6 Group, on regulatory aspects, as part of its entry into exclusive negotiations for the sale of the channel 6ter to Altice Media.
The sale of 6ter would be part of the proposed merger of the M6 and TF1 Groups, announced on May 17th, 2021. Indeed, following this merger, the combined group will only be able to hold seven national channels on DTT, in accordance with the limit defined by French regulation.
The relevant employee representative bodies of M6 Group will be informed and consulted on this proposed sale of 6ter, which is also subject to (i) the agreement of the French Competition Authority and the ARCOM as well as (ii) the effective completion of the merger operation between the M6 and TF1 Groups.
The effective completion of the merger between the M6 and TF1 Groups is now expected for the very beginning of January 2023.