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variety.com

09.06.2023 / 14:05

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Vivendi Gets European Commission’s Approval to Acquire French Media, Publishing Giant Lagardere

Elsa Keslassy International Correspondent Vivendi, the parent company of Canal+ Group, has received the green light from the European Commission to proceed with the acquisition of Lagardère, the French media, publishing and travel retail conglomerate. This European Commission has given its approval under Vivendi’s two proposed commitments, starting with the sale of 100% of the share capital of its publishing group Editis, as well as the full sale of Gala magazine. Vivendi said it expects to close both deals by the end of October. It entered into exclusive negotiations to sell Editis to a subsidiary of Czech Media Invest (CMI) founded by Daniel Kretinsky, in March. With the acquisition of Lagardère group, Vivendi’s payroll will rise to 66,000 employees compared to 38,000 at the end of December 2022, with a stronger presence in key markets such as France, the U.K., Spain and the US.

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‘My King Charles’ Doc Picked Up Around The World; Vivendi Sells Publishing Unit; Gravitas Ventures Buys ‘The Reaper Man’ – Global Briefs

‘My King Charles’ Doc Picked Up Around The World

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Vivendi in Negotiations to Sell Publishing House Editis to Daniel Kretinsky’s Czech Media Invest

Elsa Keslassy International Correspondent Vivendi has entered into exclusive negotiations to sell 100% of its publishing house Editis to a subsidiary of Czech Media Invest (CMI) founded by Daniel Kretinsky. Following its latest board meeting on March 8, Vivendi said it has received several bids for the sale of Editis and has chosen the offer brought by International Media Invest, a subsidiary of Kretinsky’s CMI. The deal would have to be approved by the European Commission. Vivendi said the “plan is to distribute the Editis shares to the Vivendi shareholders, and their listing on the Euronext Growth market, is put on hold.” Editis’ evenues dropped by 8% to €789 million in 2022, according to Vivendi. The Paris-based banner is home to Robert Laffont, Plon and Julliard, among others.

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RTL Group To Keep Control Of French Network M6

French broadcaster M6 is no longer for sale.

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Germany’s Bertelsmann Is On a Tight Timeline to Sell France’s M6 Group

Elsa Keslassy International Correspondent German media group Bertelsmann is expected to weigh in over the weekend on the offers it received for RTL Group’s 48.3% stake in M6 Group, France’s second largest commercial TV group. Bertelsmann put M6 Group back on the market a little over a week ago, after its planned merger with Bouygues-owned TF1 Group was abandoned due to a number of competition concerns raised by France’s anti-trust board. Bertelsmann’s chief executive Thomas Rabe asked to receive non-binding offers by Sept. 23 to test the market and received offers from three major bidders, according to Le Point.

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Banijay Chairman Stéphane Courbit Bids To Buy M6 As Shares In French Broadcaster Spike

A consortium led by Banijay chairman Stéphane Courbit is leading the race to acquire French broadcaster M6, according to reports, with shares in the Bertelsmann-owned network spiking on news of several planned offers.

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