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    Home»Deals & Transactions»Vivendi accelerates Lagardere purchase, extending media empire
    Deals & Transactions

    Vivendi accelerates Lagardere purchase, extending media empire

    December 9, 2021Updated:December 9, 20211 Min Read
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    Vivendi will buy activist fund Amber’s stake in Paris Match owner Lagardere “in the coming days,” it said on Thursday, accelerating a deal that would extend its influence over French media ahead of next year’s presidential election.

    Vivendi announced in September its plan to acquire Amber’s almost 18% stake in Lagardere for 24.10 euros per share and then file a full takeover offer at the same price.

    The deal will lift Vivendi’s Lagardere stake to 45.1%, with the tender offer for the remaining shares to be filed by February 2022.

    Read more/Source: Reuters

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