CMA CGM completes acquisition of Altice Media (BFMTV and RMC) to expand its media empire
Jul 03, 2024•over 1 year ago
Acquiring Company
CMA CGM
Acquired Company
Altice Media (BFMTV and RMC)
Description
CMA CGM, a leading shipping and logistics company, has successfully acquired Altice Media, which includes BFMTV and RMC, marking a significant transition in the French media industry. This acquisition aligns with CMA CGM's strategy to diversify its portfolio and strengthen its presence in the media sector.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed