Deals

Vivendi in Talks to Sell Editis to Billionaire Kretinsky

Media company is in exclusive talks with CMI subsidiary
Editis’s revenue shrank 8% last year to €789 million

Inside An SFR Store As Bids Are Made For Vivendi SA's French Phone Unit — Photographer: Balint Porneczi/Bloomberg

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By Benoit Berthelot

March 14, 2023 at 7:10 AM UTC

Updated on

March 14, 2023 at 8:14 AM UTC

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Vivendi SE is in talks to sell its Editis publishing business to billionaire Daniel Kretinsky’s International Media Invest.

The French media giant chose to enter into exclusive negotiations with the subsidiary of Kretinsky’s Czech Media Invest after reviewing several offers for Editis, Vivendi said in a statement on Tuesday. Any deal would be subject to approval from the European Commission, it said.