CMA CGM and Merit France completed the acquisition of Altice Media from Altice France for €1.55bn.

CMA CGM, a shipping and logistics company, and Merit France, the investment vehicle of the Saadé family, completed the acquisition of Altice Media, a news group with capabilities across television, radio and digital, from Altice France, a telecommunications and mass media company, for €1.55bn. "Through this contemplated acquisition, we have the ambition to pursue our long-term development into the media sector. Altice Media is a reference media group, with strong growth, talented teams, and iconic brands. Altice Media’s complementarity with CMA CGM’s existing Media Division and its renowned medias, La Provence, Corse Matin, La Tribune et La Tribune Dimanche, will be a key strength. Together, at any time, in any place and on any device, we can be the voice of the challenges resulting from innovation and by economic, social, and territorial evolutions," Rodolphe Saadé, CMA CGM Group Chairman & CEO.