Le Monde votes for offer from French trio
Le Monde's board voted for new ownership between two candidate groups Monday, and accepted the offer from a trio of left-leaning entrepreneurs, led by Lazard banker Matthieu Pigasse, Reuter reported.
Pigasse, Xavier Niel and Pierre Berge offered €110 million euros ($136 million) to help the publication stop losses and repay debts.
Photo: Philippe
Wojazer/Reuters
The losing group was personally backed by President Nicolas Sarkozy, who had told Le Monde's Chief Executive Officer Eric Fottorino that he didn't want the paper taken over by the trio, according to the Business Week.
Earlier today, about 90 percent of the paper's journalists, angry about Sarkozy's intervention, voted against that bid, Christian Science Monitor reported.
Le Monde will talk with the new owners in the next three months. According to the newspaper, the bidders have already promised an initial €10 million loan by July 5, Reuters reported.
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![Digg](http://digg.com/submit?phase=2&&url=http%3A%2F%2Fwww.sfnblog.com%2Fownership_and_regulations%2F2010%2F06%2Fle_monde_votes_for_offer_from_french_tri.php&bodytext=<form mt:asset-id="7208" class="mt-enclosure mt-enclosure-image" style="display: inline;"><img alt="LEMONDE_full_380.jpg" src="http://www.sfnblog.com/LEMONDE_full_380.jpg" width="266" height="178" class="mt-image-left" style="float: left; margin: 0 20px 20px 0;" /></form><div><form mt:asset-id="7208" class="mt-enclosure mt-enclosure-image" style="display: inline;"><p class="MsoNormal">Le Monde's board voted for new ownership between two candidate
groups Monday, and accepted the offer from a trio of left-leaning entrepreneurs,
led by Lazard banker Matthieu Pigasse, <a href="http://www.reuters.com/article/idUSTRE65R55Z20100628">Reuter reported</a>.</p>
<p class="MsoNormal"><br/><br/>
<p class="MsoNormal">Pigasse, Xavier Niel and Pierre Berge offered €110 million
euros ($136 million) to help the publication stop losses and repay debts.</p>
<p class="MsoNormal"><br/><br/>
<p class="MsoNormal"><i style="mso-bidi-font-style:normal">Photo: Philippe
Wojazer/Reuters<o:p></o:p></i></p></form></div>&title=Le Monde votes for offer from French trio){kind=link}
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