Three of France’s biggest media investors have launched a new company on the Paris stock exchange as they seek to make up to €1.5bn in European acquisitions and one day rival Germany’s Bertelsmann.
Mediawan kicked off a capital raising on Tuesday under the sponsorship of Xavier Niel, the billionaire behind French telecoms group Free, and Matthieu Pigasse, a banker and co-owner of Le Monde newspaper.
The third founder, Pierre-Antoine Capton, the head of the French production company Troisième Oeil Productions, will serve as chief executive. The three will own 20 per cent of the company among them.
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