Lagardere's Paris Match magazine is close to being sold to LVMH for €120 million.
Lagardere is nearing a sale of its Paris Match magazine to luxury goods conglomerate LVMH for an enterprise value of €120 million ($130 million). Lagardere's board approved exclusive discussions with LVMH, initiated after the group submitted an offer for the magazine. A preliminary memorandum of understanding has been signed, with negotiations ongoing.
May 22, 2024
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