Announced
Financials
Sources
Tags
Pending
Online and Social Platforms
Single Bidder
France
Majority
Friendly
Acquisition
Private
streaming platform
Cross Border
Synopsis
RTL Group, a broadcasting company, to acquire a 50% stake in Bedrock, a technology company specialised in the design and development of streaming platforms, from Groupe M6, a media holding company. Financial terms were not disclosed. With this transaction, Groupe M6 and RTL Group aim to create a European leader in streaming technology. Bedrock’s capital may further be opened up to other shareholders. Completion of the transaction remains subject to consultation of employee representative bodies.
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