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August 1, 2018By Michael Cader

Deja Vu All Over Again: Vivendi Negotiates to Buy Editis

August 1, 2018By Michael Cader

In reporting half year results, French conglomerate Vivendi announced that they are in “exclusive negotiations with Grupo Planeta” to acquire the French book publishing division Editis. (Once upon a time, Editis was owned by a different incarnation of Vivendi, Vivendi Universal Publishing, which also used to own Houghton Mifflin. Hachette Livre bought and retained 40 percent of the European Editis empire in 2004; the remainder was sold to Wendel Investments, which sold Editis to Planeta in 2008.) The announcement says Editis — France’s second-largest publisher after Hachette Livre — had 2017 sales of approximately €750 million and a recurring EBIT […]

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Filed Under: Finance, International News

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