Bloomberg Law
May 26, 2023, 9:54 AM

French Billionaire Saade Pursues Media Hunt With Tribune Bid (1)

Tara Patel
Tara Patel
Bloomberg News

French shipping tycoon Rodolphe Saade is adding another media outlet to his fast-growing stable of publications with a pledge to acquire a French online business daily.

CMA CGM SAhas agreed to acquire all of Groupe Hima, publisher of La Tribune, according to a statement from the world’s third-largest container line on Friday. No terms were given and the deal still needs approval from regulators.

The planned acquisition is part of Saade’s strategy to develop a media division within his family’s closely held shipping company and comes shortly after CMA CGM agreed to its largest purchase to date, the ...

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