January 20, 2020 / 10:39 AM / a month ago

French billionaire Niel wins clearance to buy Nice Matin newspaper

FILE PHOTO: Xavier Niel, founder of French broadband Internet provider Iliad arrives at the "Tech for Good" Summit in Paris, France May 15, 2019. REUTERS/Charles Platiau

PARIS (Reuters) - France’s anti-trust regulatory body cleared on Monday a plan by French billionaire Xavier Niel to buy control of the Nice Matin newspaper group.

Niel’s NJJ holding company already has stakes in Le Monde newspaper and L’Obs magazine, while Niel is also the founder and majority shareholder in telecoms and media group Iliad (ILD.PA).

Reporting by Sudip Kar-Gupta, editing by Louise Heavens

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