Niel plans content platform, to buy broadcaster Groupe AB

(Telecompaper) Mediawan, the 'special purpose acquisition company' (SPAC) co-founded by Xavier Niel, announced to have entered into exclusive negotiations with content producer, distributor and broadcaster Groupe AB to acquire 100 percent of the company's shares for approximately EUR 270 million. Mediawan's shareholders will vote on the proposed transaction on 13 March and, if approved, the acquisition is expected to be completed in the first half of 2017. Announcing the news, Mediawan stated th