Vivendi confirms Lagardère takeover bid
Monday, 10 January 2022 Books+Publishing @booksandpublishing
In December, French media company Vivendi completed its purchase of Amber Capital’s 17.5% stake in Hachette parent company Lagardère group, bringing its share to 45.1%, reports Publishers Weekly.
Under French laws, a company must make a tender offer for all remaining shares once its stake in another company exceeds 30%. Vivendi confirmed it will be making an offer to buy remaining shares at a price of €24.10 per share by February 2022.
Vivendi owns French publisher Editis, as well as other media properties including pay TV group Canal+ and right-leaning news channel CNEWS.
Category: International news
