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Internet porn tycoon to acquire Le Monde | Internet porn billionaire Xavier Niel is set to take over leading French daily Le Monde. The news comes after Le Monde's journalists' association, the paper's
main shareholder, voted in favour of the three investors who President Nicolas
Sarkozy sought to block. The consortium comprises Pierre Berge, ex-partner of
the late fashion designer Yves Saint-Laurent, Lazard banker Matthieu Pigasse and
Xavier Niel. The journalists' association voted 90 per cent in favour of their
bid, turning down an offer by a group that includes France Telecom subsidiary
Orange, the Nouvel Observateur group and Spain's Prisa, which owns El Pais newspaper,
reports The Telegraph. The newspaper is expected to take the final decision on
the offer by the end of the month. A multi-billionaire, Niel began his business
career at the age of 19 when he launched a sexual contact service on Minitel,
France's dial-up precursor to the internet. Later he made a foray into peep shows
before making a huge fortune from his internet access and telephone companies,
Free and Iliad. |
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