“After receiving approval from the relevant regulatory authorities, and following the announcement of March 15, the CMA CGM Group and Merit France (family holding company of the CMA CGM Group) have today finalized the acquisition of 100% of the capital of Altice Media,” the firm said. Led by billionaire Rodolphe Saadé, the Marseille-based shipping company had indicated that the transaction would be finalized “during the summer,” for an amount of 1.55 billion euros.
Media empire
With this acquisition, Rodolphe Saadé and CMA CGM are adding a major stone to the media empire they are building, just two years after setting foot in the sector. During this period, the Franco-Lebanese billionaire acquired the newspaper “La Tribune” and the La Provence group (regional dailies “La Provence” and “Corse Matin”), in addition to holdings in M6 and the online video media Brut.
In mid-May, CMA CGM recruited a great captain for its empire by bringing in the outgoing boss of M6, Nicolas de Tavernost, as vice-president of its new holding company CMA Médias. Altice Media, which was called NextRadioTV until 2021, was gradually sold to Patrick Drahi by Alain Weill starting in 2015. The group thus includes the news channel BFMTV, the radio station RMC and the DTT channels RMC Découverte and RMC Story.
 by the shipping company CMA-CGM has been concluded){kind=link}
