Czech entrepreneur Daniel Křetínský expands French media investments with the acquisition of the country's second-largest publisher, Editis.
Vivendi has received several offers for the sale of Editis and decided to enter into exclusive negotiations with Czech billionaire.
According to Le Figaro, the Czech billionaire is bidding for 100% of France's second largest publishing house. He is one of three bidders.
Czech financial group PPF has become the second-largest shareholder in German media company ProSiebenSat.1 Media, acquiring a 10.1% stake.
One of the Czech Republic's richest businessmen, coal tycoon Pavel Tykač, is considering his first media investment.