Vivendi formally closed their acquisition of France’s second-largest publishing group Editis from Spain’s Planeta on January 31, following approval from the French Competition Authority at the beginning of the month. The actual sale price still has not been disclosed (though it should be eventually, since Vivendi is a public company). For now they continue to say the deal was “based on an enterprise value of €900 million.” Vivend ceo Arnaud de Puyfontaine will serve as chairman of Editis as well, with general director of Editis Pierre Conte formally named ceo. The company has 2,400 employees, and publishes 4,000 new titles […]
