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French newspaper Les Echos is reporting that French broadcaster AB Groupe is up for sale. The report says that executives of AB Groupe are already in talks with potential buyers.
AB Groupe was originally a music production company formed by Jean-Luc Azoulay and Claude Berda (hence the ‘A-B’) but since 1987 has launched a wide portfolio of pay-TV channels.
It now broadcasts in France and Belgium, but still has interests in AB Disques, AB Distribution (film, TV distribution and dubbing). The overall business has an annual turnover of some €180 million.
AB Groupe’s majority shareholder is Claude Berda. Les Echos suggests that he believes the business to be worth €350 million – €400 million.