Vivendi acquired 24,685,108 Lagardère shares from Amber Capital at a price of €24.10 per share, giving the media group a total of 63,693,239 Lagardère shares corresponding to 45.13% of the share capital.
Vivendi said that in February it will file a public tender offer for all Lagardère shares at €24.10 per share, identical to the price per share paid to Amber Capital.
If completed, the move, the speed of which has taken observers by surprise, will give Vivendi, owner of pay TV group Canal+, control of assets such as magazine Paris Match, current affairs and business title Le Journal du Dimanche, publisher Hachette, radio station Europe1 and the Relay chain of shops.
Lagardère, which previously owned a number of thematic channels, is no longer active in television.
Vivendi would have to obtain approval for the acquisition from competition regulator the Autorité de la Concurrence and audiovisual media regulator the CSA. Vivendi owns Hachette’s main competitor Editis.
Discover how video insights can help you beat decision fatigue once and for all. Download the new in-depth eGuide f… twitter.com/i/web/status/1…
25 January 2022 @ 16:15:00 UTC
Spacecom sale on the rocks as Israeli minister flags ties to Viktor Orban digitaltveurope.com/2022/01/25/spa… https://t.co/ZWeuE86zEU
25 January 2022 @ 15:00:02 UTC
US officials concerned over plans to give America Movil a pay TV licence in Mexico digitaltveurope.com/2022/01/25/us-… https://t.co/l0pVfCxBP2
25 January 2022 @ 14:00:01 UTC