The French media conglomerate is now partially owned by Vivendi.

License Global

April 22, 2020

1 Min Read
vivendi.png

Universal Music Group and Canal Plus Group’s parent company Vivendi has acquired a 10.6 percent stake in Lagardère, a French media conglomerate headed by Arnaud Lagardère.

“This acquisition is a long-term financial investment reflecting Vivendi’s confidence in the future prospects of the French group, which enjoys international leadership positions in its businesses, and which, like many others, is experiencing difficult times at the moment,” a spokesperson for Vivendi said in a release.

According to Variety, Vivendi is stepping in during a crucial time for Lagardère, who is currently seeking allies to help take on the company’s leading shareholder, Amber Capital, which has a 16.42 percent stake in the company.

Lagardère, the parent company of Lagardère Studios, is comprised of 27 companies including Spanish banner Boomerang, which owns the rights to multiple U.S. animated shows.

Lagardère has been on the market for a while and reportedly is going for $216 million.

About the Author(s)

License Global

License Global is the leading news source for the brand licensing industry, delivering award-winning editorial content including news, trends, analysis, and special reports about the global consumer product and retail marketplace.

Through its print edition, website, daily e-newsletter and event publications, License Global reaches more than 150,000 executives and professionals in all major markets. The magazine also serves as the official publication for the sector’s trade events, which include Licensing Expo, Brand Licensing Europe, Licensing Expo Japan, Licensing Expo Shanghai and the Licensing Leadership Summit.

Subscribe for updates directly into your inbox.

 

 

 

Subscribe and receive the latest news from the industry Article
Join 62,000+ members. Yes, it's completely free.

You May Also Like