Vivendi Enters Into Exclusive Negotiations to Acquire Prisma Media
December 14 2020 - 2:30AM
Dow Jones News
Regulatory News:
Vivendi (Paris:VIV) announced today that it has entered into
exclusive negotiations with Gruner + Jahr/Bertelsmann to acquire
100% of Prisma Media.
This acquisition would perfectly fit with Vivendi's strategy as
a leading media, content and communications group, complementing
the scope of its existing activities. It would also offer
interesting opportunities for cooperation within the Group and
development of the high-quality Prisma Media publications.
According to applicable regulation, the contemplated acquisition
remains subject to the information and consultation with the
relevant employee representative bodies, and to the finalization of
legal documentation.
Prisma Media is France's number one press publishing group, in
print and digital, with 20 key leading magazine brands, from Femme
Actuelle to GEO, as well as Capital, Gala and Télé-Loisirs. More
than 42 million French people are exposed every month to one of the
group's brands, whether browsing through a magazine, surfing on the
Web or on a mobile device.
Prisma Media is a subsidiary of Gruner + Jahr, part of the
Bertelsmann group.
About Vivendi
Since 2014, Vivendi has been focused on building a world-class
content, media and communications group with European roots. In
content creation, Vivendi owns powerful, complementary assets in
music (Universal Music Group), movies and series (Canal+ Group),
publishing (Editis) and games (Gameloft) which are the most popular
forms of entertainment content in the world today. In the
distribution market, Vivendi has acquired the Dailymotion platform
and repositioned it to create a new digital showcase for its
content. The Group has also joined forces with several telecom
operators and platforms to maximize the reach of its distribution
networks. In communications, through Havas. the Group possesses
unique creative expertise in promoting free content and producing
short formats, which are increasingly viewed on mobile devices. In
addition, through Vivendi Village, the Group explores new forms of
business in live entertainment, franchises and ticketing that are
complementary to its core activities. Vivendi's various businesses
cohesively work together as an integrated industrial group to
create greater value. www.vivendi.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20201213005072/en/
CONTACT:
Vivendi
SOURCE: Vivendi
Copyright Business Wire 2020
(END) Dow Jones Newswires
December 14, 2020 03:15 ET (08:15 GMT)
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