M6: Exclusive Negociations with Group Darty for the Sale of
NEUILLY-SUR-SEINE, France -- December 18, 2013
M6 Group (Paris:MMT) has entered into exclusive negotiations with Darty plc
for the possible acquisition by Etablissements Darty et Fils of 100 per cent
of the share capital of Mistergooddeal.com, one of France's leading websites.
These negotiations include consultations with employees as well as obtaining
regulatory approvals and are likely to be completed in the coming months. It
is anticipated the deal would be cash neutral. Further details will be
announced in due course.
M6 Group, considering that a critical size is required in the e-commerce
industry, is pleased that Mistergooddeal.com be able to pursue its rise on the
back of a strong retail group. The goal of the Group is to further develop a
distance selling business centered on home shopping and focused e-commerce
Mistergooddeal.com is a leading French web site, predominantly selling white
goods plus multimedia, furniture and leisure products. Formed in 2000 it now
employs around 170 people and attracts 2 to 4 million unique visitors per
month, offering over 10,000 products from a 22,000 sqm warehouse. For its last
full financial year to 31 December 2012 Mistergooddeal.com's revenue was
€128.1 million and gross assets €32.4 million.
M6 Métropole Télévision is a company listed on Euronext Paris, compartment A
Code MMT, code ISIN : FR0000053225
Eric Ghestemme, +33 1 41 92 59 53
Yann de Kersauson, +33 1 41 92 73 50
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