French-Lebanese tycoon Rodolphe Saade has acquired Altice Media on Friday, which includes several television channels in France, including BFM.
Rodolphe Saade (L) and Patrick Drahi © BRC
French-Lebanese tycoon Rodolphe Saade has acquired Altice Media on Friday, which includes several television channels in France, including BFM.
Altice Media is owned by the Franco-Israeli businessman Patrick Drahi, whose group is heavily indebted and embroiled in a corruption scandal.
Saade is the owner of the shipping company CMA CGM, one of the largest in the world.
Mr. Drahi launched a channel in Israel, 'i24News', ten years ago.
It is not part of the deal as it is housed in the American subsidiary Altice USA.
This channel broadcasts programs in French, English, and Arabic from Tel Aviv and is currently undergoing restructuring.
By Andrew Kambas
Negotiators were trying to hammer out the final details of a ceasefire in Gaza on Wednesday after marathon talks in Qatar, and U.S. and Egyptian leaders promised to stay in close contact about a deal over the coming hours.
U.S. President Joe Biden and Egyptian President Abdel Fattah El-Sisi discussed negotiations for a ceasefire and hostage release deal in Gaza on Tuesday and agreed to remain in close coordination in the coming hours, the White House said.
French President Emmanuel Macron is scheduled to visit Lebanon on Friday, marking the first visit by a foreign head of state since the election of Lebanon’s new president, Joseph Aoun, according to an announcement from the Lebanese presidency on Tuesday.
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