You will be redirected back to your article in seconds

Bouygues group ups stake in private French web TF1

The Bouygues construction group has increased its stake in France’s leading private network TF1 from 25% to 34%.

The widely anticipated move is the latest shareholder shuffle in French television and follows the recently passed law allowing a single shareholder in a national network to increase its maximum stake from 25% to 49%

Bouygues bought up a 9% stake in TF1 from Credit Lyonnais and the group Worms , and is expected to acquire a full 49% in the future.

TF1 insiders have lobbied hard for the changes in the shareholding rules, arguing that it is unfair for the Bouygues group to take 100% responsibility for the network while only holding 25% of the capital.

The calmness of last week’s deal was in marked contrast to the storm that broke at Canal Plus earlier this month when Havas, Generale des Eaux and Societe Generale announced that they had joined forces to control 48.7% of Canal Plus shares. Web topper Andre Rousselet resigned after the announcement.

Meanwhile private M6, which is to be launched on the French stock exchange this summer, also saw changes in its shareholder lineup. Waterworks services group Lyonnaise des Eaux and the CLT are to increase their shares from 25% to around 29%, each buying from the Credit Agricole and Credit Mutuel banks.

More TV

  • "The Locomotion Reverberation"-- Pictured: Sheldon Cooper

    CBS is Blacked Out on Dish as Carriage Talks Hit Snag

    The Bouygues construction group has increased its stake in France’s leading private network TF1 from 25% to 34%. The widely anticipated move is the latest shareholder shuffle in French television and follows the recently passed law allowing a single shareholder in a national network to increase its maximum stake from 25% to 49% Bouygues bought […]

  • 'CBS This Morning' Co-Hosts Condemn Charlie

    'CBS This Morning' Co-Hosts Condemn Charlie Rose's Behavior On Air

    The Bouygues construction group has increased its stake in France’s leading private network TF1 from 25% to 34%. The widely anticipated move is the latest shareholder shuffle in French television and follows the recently passed law allowing a single shareholder in a national network to increase its maximum stake from 25% to 49% Bouygues bought […]

  • Jeremy Darroch SkyTV

    Sky to Continue Boosting Spending on Originals in 2018 (EXCLUSIVE)

    The Bouygues construction group has increased its stake in France’s leading private network TF1 from 25% to 34%. The widely anticipated move is the latest shareholder shuffle in French television and follows the recently passed law allowing a single shareholder in a national network to increase its maximum stake from 25% to 49% Bouygues bought […]

  • TV Gains Offsets Film Losses at

    TV Gains Offsets Film Losses at Entertainment One

    The Bouygues construction group has increased its stake in France’s leading private network TF1 from 25% to 34%. The widely anticipated move is the latest shareholder shuffle in French television and follows the recently passed law allowing a single shareholder in a national network to increase its maximum stake from 25% to 49% Bouygues bought […]

  • Dynamic Television Boards Sci-Fi Series “Stryx"

    Dynamic Television Boards Sci-Fi Series “Stryx"

    The Bouygues construction group has increased its stake in France’s leading private network TF1 from 25% to 34%. The widely anticipated move is the latest shareholder shuffle in French television and follows the recently passed law allowing a single shareholder in a national network to increase its maximum stake from 25% to 49% Bouygues bought […]

  • International Emmys

    Kenneth Branagh, Anna Friel, 'Alan Partridge,' and 'Mammon II' Win International Emmy Awards

    The Bouygues construction group has increased its stake in France’s leading private network TF1 from 25% to 34%. The widely anticipated move is the latest shareholder shuffle in French television and follows the recently passed law allowing a single shareholder in a national network to increase its maximum stake from 25% to 49% Bouygues bought […]

  • Laura Dern Emmy Award Win

    New York Women in Film & Television to Honor Laura Dern, Judith Light, Others at Muse Awards

    The Bouygues construction group has increased its stake in France’s leading private network TF1 from 25% to 34%. The widely anticipated move is the latest shareholder shuffle in French television and follows the recently passed law allowing a single shareholder in a national network to increase its maximum stake from 25% to 49% Bouygues bought […]

More From Our Brands

Access exclusive content