M6 Group acquires Lagardère’s TV business
May 29, 2019 12.05 Europe/London By Robert Briel
Lagardere SCA has confirmed that it has signed a contract with the M6 Group for the sale of its television business.
Last February, M6 Group entered into exclusive negotiations with Lagardère Active for the acquisition of Lagardère’s television business (excluding Mezzo).
The enterprise value of the deal, which doesn’t include the Mezzo business, was EUR215 million, which will be paid on completion of the transaction, the French company said.
The deal is subject to approval of the French broadcasting authority and competition authorities.