Billionaire Saade's Wife Takes Charge of Expanding Media Empire [Yahoo! Finance]
L'OREAL UNSP/ADR (LRLCY)
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Source: Yahoo! Finance
The practice is intensifying across the second-generation as scion Rodolphe Saade's wife takes charge of their rapidly expanding media division. Most Read from Bloomberg Real Estate Investors Are Wiped Out in Bets Fueled by Wall Street Loans Behind ‘Suicide Squad,' the Year's Biggest Video-Game Flop Vietnam Tycoon Sentenced to Death Faces New Charges: Media Billionaire-Friendly Modi Humbled by Indians Who Make $4 a Day A Struggling Business Park Deals a Blow to Singapore's Regional Hub Ambitions Veronique Albertini-Saade, 49, will add their biggest-ever media acquisition to her portfolio as head of the family's communications division. The deal for Altice Media, with a total enterprise value of €1.55 billion ($1.7 billion), is expected to clear regulatory hurdles in coming weeks. It will hand influential French news channel BFM TV and popular radio station RMC to the family that controls the world's third-largest commercial shipping line, CMA CGM SA. The investment und
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