Three months after announcing “exclusive negotiations with Grupo Planeta,” last week in reporting third quarter earnings Vivendi said it had signed a share purchase agreement for French publishing group Editis. The deal requires approval from the French Competition Authority, though Vivendi says preliminary “favorable opinions” were issued on November 8, and September 13. They hope the deal will close “in late 2018 or early 2019.” Beyond that, there are no new details about the terms. They reiterate their previous statement from the summer that Editis’s enterprise value is €900 million.
