M6: Exclusive Negociations with Group Darty for the Sale of Mistergooddeal.com
December 18 2013 - 2:00AM
Business Wire
Regulatory News:
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 websites.
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 ACode MMT, code ISIN : FR0000053225
INVESTOR RELATIONSEric Ghestemme, +33 1 41 92 59
53eghestemme@m6.frorPRESSYann de Kersauson, +33 1 41 92 73
50ydekersauson@m6.fr
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