Advertisement
Advertisement

EU opens in depth-investigation in the Vivendi-Lagardere deal

By:
Reuters
Updated: Nov 30, 2022, 17:21 UTC

BRUSSELS (Reuters) - The European Commission said on Wednesday it had opened an in-depth investigation to assess Vivendi's planned acquisition of rival Lagardere, a deal that would combine France's two biggest publishing groups.

The logo of French media group Lagardere is seen at the group's shareholders meeting in Paris

BRUSSELS (Reuters) – The European Commission said on Wednesday it had opened an in-depth investigation to assess Vivendi’s planned acquisition of rival Lagardere, a deal that would combine France’s two biggest publishing groups.

“The Commission is concerned that the proposed acquisition may reduce competition on a number of markets across the entire book value chain in French-speaking countries of the European Economic Area (EEA) and in a segment of magazine publishing in France,” EU’s watchdog said in a statement.

Reuters had reported this EU antitrust investigation earlier this month.

The Commission now has until 19 April 2023, to take a decision.

(Reporting by Benoit Van Overstraeten; Editing by Geert De Clercq and Tassilo Hummel)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products:

Did you find this article useful?

Advertisement