Following a second promised sale (of Gala magazine to Groupe Figaro), Vivendi announced Tuesday that it has officially closed its deal for a controlling interest in Lagardere. Vivendi’s executives say in the announcement, “As we do for all our businesses, while preserving its integrity, we will support Lagardère in its development and the transformation of its businesses. Together, we will strengthen our international presence in the fields of creation, content and distribution. We are delighted to start a fruitful collaboration, bringing all our activities to new heights.” Vivendi owns 60 percent of Lagardere stock, and just over 50 percent of […]
