It was obvious that TMG would reject John de Mol's bid for the company. The company formally did so in a press release last night. Through Talpa, De Mol offers 50 cents more than the Flemish Mediahuis at 6.50 euros per share, but De Mol can still get around that in all kinds of ways. TMG believes that his commitments are also soft in other areas. The Supervisory Board now consists of three members appointed by the new shareholder and the two-member management has also been appointed by them.

read more (villamedia) »