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Franco-Lebanese businessman buys one of France's biggest news channels

One of France's biggest news channels, BFMTV, was bought by billionaire shipping magnate Rodolphe Saade after the takeover was approved by regulators.

Saade's CMA CGM Group announced the surprise buy-out of Altice Media, which owns BFMTV and the RMC radio station, in March for 1.55 billion euros ($1.66 billion).

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