M6: France Television to sell stake in Salto

(CercleFinance.com) - France Télévisions has announced its intention that, in the event of the merger between TF1 and M6, it will sell its stake in Salto, the subscription video-on-demand service that was launched in October 2020, which is equally owned by the three television groups.


If the merger goes ahead, TF1 and M6 have therefore undertaken to buy France Télévisions' 33.33% stake for a final value of 45 million euros. The new group would then own 100% of Salto to develop a streaming project.

As the agreement is conditional on the completion of the merger of M6 and TF1, Salto will remain under the joint control of its three shareholders throughout FY 2022 in order to continue the platform's development.


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