Dutch media mogul withdraws demand for investigation Telegraaf Media Groep takeover war
John de Mol's company Talpa withdrew its request for an investigation into the policy and business of the Telegraaf Media Group (TMG), the company announced on Saturday.Talpa wanted to investigate why its bid to take over TMG was rejected, despite being higher than a bid by rival Mediahuis, RTL Nieuws report.
The Dutch media mogul's company also said that it would announce what will happen with its bid for TMG in the near future. De Mol himself previously stated that Talpa will go through with the bid.
According to RTL, the withdrawal of the investigation demand may be seen as a sign that De Mol wants to open a dialog with Mediahuis. An investigation would cost TMG money and could take some time. And it would put further stress on the relationship between Talpa and Mediahuis.
Talpa would make no further comment on the matter. Talpa's bid of 6.50 euros per share on TMG, was 50 cents more than the Mediahuis bid.
De Mol already owns 30 percent of TMG's total shares. Mediahuis and the Van Puijenbroek family together own 60 percent of the shares.