Mediawan, the new kid on the French media block, is relentlessly pursuing its announced 1.5 billion euro (U.S.$1.85 billion) acquisitions.
Mediawan was incorporated in December 2015 as a Special Purpose Acquisition Company (SPAC) for the purpose of acquiring companies in the traditional and digital media content and entertainment industries in Europe.
The company was formed by Pierre-Antoine Capton, Xavier Niel, and Matthieu Pigasse, and raised 250 million euro (U.S.$308 million) in April 2016 from an initial public offering on the Euronext Paris. Euronext is the first pan-European exchange, spanning Belgium, France, the Netherlands, Portugal, and the U.K.
In March 2017, Mediawan spent about 270 million euro (U.S.$332 million) to acquire Groupe AB. an owner of television channels and producer of television programs in France, Belgium, and Switzerland. The operation was partially financed by a 130 million euro (U.S.$160 million) bank loan.
In July 2017, it acquired French production company Clarke Costelle & Co., and, in December of...