Lagardere


EU to rule on Vivendi Lagardere takeover by end of November

EU antitrust regulators will decide by November 30 whether to greenlight French media giant Vivendi’s proposed takeover of rival media group Lagardere, according to a report by Reuters which cites a new European Commission filing. In May, Vivendi, the owner of PayTV platform Canal+, increased its stake in Lagardere to 55% and placed an offer […]

Vivendi ups Lagardere stake as takeover continues to face roadblocks

France’s Vivendi has increased its ownership stake in publishing and retail group Lagardere to 55%. Vivendi currently has a tender offer for the entire company, and has extended its bid until June 9 as it is being reviewed by EU antitrust authorities. Should it be approved, the merger would combine France’s two biggest publishing groups […]

Canal+ sees growth in strong quarter for Vivendi

Vivendi has reported a solid start to 2022, driven by its pay TV and Havas business units. The French media giant reported total Q1 2022 revenues of €2.38 billion, up from €2.1 billion year-over-year. Its first-quarter sales grew by 7.9%, and up 13.4% YoY. Vivendi attributed this increase to revenues of €1.446 billion at Canal+ […]

Vivendi mulls increasing Lagardere offer

Vivendi is considering raising its offer for Lagardere, with a takeover looking increasingly likely. The French media company said that it is considering upping its offer from €24.10 per share to €25.50 per share. The deal for Lagarde would see Vivendi acquire magazine Paris Match, weekly newspaper Journal du Dimanche and radio station Europe 1. […]

Vivendi moves to take control of Lagardère

French media giant Vivendi has acquired investment outfit Amber Capital’s stake in media company Lagardère and will launch a bid to take complete control of the company. 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% […]

Canal+ owner Vivendi moves to take full control of Lagardère

Canal+ owner Vivendi plans to take full control of publishing and travel retail giant Lagardère as it re-centres its activities on media. The group intends to acquire activist investor Amber Capital’s 17.93% stake in the group at the latter’s invitation – in line with a previous agreement between the pair. Vivendi will pay €24.10 a […]

Bolloré and Vivendi help Lagardère see off activist investor

Arnaud Lagardère, the boss of the French media group of the same name, has seen off a threat to his leadership from activist investor Amber Capital after enlisting the help of Vivendi’s leading shareholder Vincent Bolloré. Fifteen resolutions tabled by Amber, which holds an 18% stake in Lagardère and 14% of the company’s voting rights, […]

Vivendi takes 10.6% stake in Lagardère

Canal+ owner Vivendi has taken a 10.6% stake in troubled French media conglomerate Lagardère. The move, which follows Vivendi’s successful sale of a 10% stake in Universal Music Group to Tencent in a deal that valued the music unit at €30 billion, comes after a period when Lagardère has been under pressure from an activist […]

Lagardère continues strategic refocus with sports unit sale

Lagardère, the French media group that formerly owned channels including leading kids service Gulli but which sold the bulk of its TV business to M6 Group earlier this year, is continuing its strategic repositioning with the likely sale of a 75% stake in its sports events and marketing arm, Lagardère Sports, to HIG Capital in […]

Canal+ and Groupe Les Echos – Le Parisien acquire Mezzo

Vivendi-owned Canal+ and French news publisher Groupe Les Echos – Le Parisien have jointly agreed to acquire classic music channel Mezzo from Lagardère Group and France Télévisions. The 50:50 acquisition will see the publishing group take over responsibility for day to day management the of channel, including programming and marketing and communication. Canal+ will commercialise […]

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