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PARIS — Only weeks after a group of French businessmen completed their takeover of Le Monde, the newspaper on Wednesday replaced its top manager, who had complained of "moral harassment" by the new owners.
He is in talks with Pearson, a media group (and part-owner of The Economist), about a takeover of Les Echos, which does make money.Mr Arnault's plans have caused a storm.
Mr Power had the reputation of being a City high flyer after playing a key role in Belgo's £25m takeover of top London restaurants such as Le Caprice and The Ivy - a regular haunt of senior media figures and politicians.
Staff at the Pearson-owned Les Echos are utterly opposed to a takeover of their title by Mr Arnault's LVMH.
Le Figaro said that the rumours about a takeover of Danone were reviving memories of the "traumatism" of the takeover of Pechiney, a French aluminium maker, by Canada's Alcan.In this section Scrubbing the airwaves Overreacting?
In an interview with Le Figaro, Arnault, the LVMH chief executive and 46.5% shareholder, said his €3.7bn (£3.2bn) takeover of the Italian watch and jewellery group might just boost his chance of securing a deal with the family-owned Hermès – the super-luxe business behind the famous Birkin handbags that dangle from the arms of movie stars and oligarchs' wives.
Alibaba's takeover of Yahoo!
A takeover of RIM also seems likely.
The takeover of BCE may be different.
Tells about the Russian takeover of Armenia.
A Chinese takeover of Taiwan.
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