Orange owner France Telecom has agreed to inject EUR50-60 million into French daily newspaper Le Monde. The Financial Times reports that the telecoms group would invest alongside Claude Perdriel, owner of Le Nouvel Observateur magazine, and Prisa, the Spanish media group, in a joint bid worth “a little over EUR100 million.” A rival consortium comprising Mathieu Pigasse, a Lazard banker, Pierre Bergé, the former business partner of Yves Saint Laurent, and Xavier Niel, the telecoms billionaire, has also offered to invest EUR100 million in the newspaper.