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Molotov counts Niel as key shareholder after EUR 30 mln investment – report

Friday 10 January 2020 | 16:53 CET | News
French OTT platform Molotov secured a new funding deal in summer 2019 with the collaboration of Iliad's founder Xavier Niel, according to information gathered by La Lettre A. The existence of an agreement between Niel and Molotov CEO Jean-David Blanc first emerged in the French press in May 2019, after the company saw its talks with Altice France fail because of a dispute with smaller shareholders. Niel has reportedly decided to invest EUR 30 million in the platform, which would give him ownership of a 40 percent stake in Molotov.

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Categories: Internet
Companies: Molotov
Countries: France
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