M6: negotiates sale of Home Shopping
(CercleFinance.com) - On Wednesday evening M6 announced that it has entered into exclusive talks with Stars, the parent company of Teleshopping, for the sale of 100% of Home Shopping Service.
"M6 Group considers that the combination of its subsidiary with the other leading player in the French sector (Teleshopping) would help to secure the long-term future of the home shopping business model. The disposal of the share capital would include, firstly, an agreement regarding the broadcast of home shopping programmes on M6 Group's channels, and secondly, an option for the Group to sell its 51% stake in Best of TV," M6 said.
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