Lagardere edits Editis

World Brief

EU antitrust regulators have finally given French publisher Lagardere formal permission to acquire rival Editis from Vivendi Universal.

Lagardere previously wanted to snag operations accounting for 60%-65% of Editis’ revenues and keep its distribution operations, but this met with firm opposition from Europe’s competition watchdogs, who said it would have produced a heavily dominant group with revenue seven times that of its nearest rival and a 50% share of the French publishing market.

To get the deal approved, Lagardere has now agreed to make do with assets that add up to about 40% of revenue and half of the company’s profits.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Scene News from Variety