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Vivendi Plans Bid for Lagardere to Create Media Giant

  • Amber Capital stake is valued at about 610 million euros
  • Vivendi anticipates regulators will ask for remedies
Updated on

Vivendi is planning to make a bid for Lagardere SA if regulators approve its plan to buy out Amber Capital’s stake, a deal that would create one of Europe’s biggest media companies.

Vivendi agreed to buy 25.3 million shares of Lagardere, owner of assets including Paris Match magazine and Europe 1 radio, held by the activist investor for 24.10 euros apiece, according to a statement on Wednesday.