|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||0.00 - 0.00|
|Beta (5Y monthly)||1.22|
|PE ratio (TTM)||22.41|
|Forward dividend & yield||1.30 (6.35%)|
|Ex-dividend date||19 Apr 2023|
|1y target est||N/A|
PARIS (Reuters) -Vivendi is in exclusive talks to sell publisher Editis to a company owned by billionaire Daniel Kretinsky, it said on Tuesday, in a deal that could help win regulatory approval for its takeover of Lagardere. The French media conglomerate, controlled by billionaire Vincent Bollore, is aiming to buy Hachette owner Lagardere. But the prospect of merging Editis with France's largest publisher has triggered criticism from independent publishers and resulted in Editis losing some well-known authors.
French media conglomerate Vivendi has offered remedies to address European Union (EU) competition concerns over its planned takeover of Lagardere, according to a filing on the European Commission's competition policy website. Last month, the European Commission had opened an in-depth investigation into the planned deal, amid concerns it could impact competition in the sector. The proposed deal would combine France's two biggest publishing groups, Lagardere's Hachette and Vivendi's Editis, and it has come in for criticism from rivals including Gallimard.
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.