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
Israel faced a missile attack on Sunday as Iran said it reserved all options to defend itself after unprecedented U.S. strikes that President Donald Trump said had "obliterated" its key nuclear facilities.
U.S. forces struck Iran's three main nuclear sites, President Donald Trump said late on Saturday, and he warned Tehran it would face more devastating attacks if it does not agree to peace.
At a time when global tensions are already dangerously high, Turkish President Recep Tayyip Erdogan took the stage at the Organisation of Islamic Cooperation’s foreign ministers’ summit in Istanbul to accuse Israel of sabotaging U.S.-Iran nuclear talks and shunning diplomacy.
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