French media investors band together to buy content

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.

For the full story read The FT

Full information on the three investors click here