Inside the Australian and New Zealand book industry

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Vivendi confirms Lagardère takeover bid

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