French pay TV broadcaster Canal Plus is facing a regulatory investigation over its plans to acquire Bolloré Group’s television assets.
The Vivendi-backed company announced in September that it would acquire 60% of Bolloré’s television channels including Direct 8 and Direct Star, which would see Canal Plus move into the free-to-air market for first time. However, French competition regulator Autorité de la Concurrence has announced, via a statement on its website, that it would be investigating the move because it raises “serious doubts” over competition. The probe is expected to last over two months.
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