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Czech billionaire ups stake in TF1, backs M6 merger plan

Bixente Lizarazu and Gregoire Margotton of TF1 at the 2018 Fifa World Cup qualifier between Bulgaria and France (by Jean Catuffe/Getty Images)

Czech billionaire Daniel Kretinsky has upped his interest in TF1 to 5.05 per cent and backed the proposed merger of the French commercial free-to-air broadcaster with erstwhile rival M6