Vivendi's Prisma Media in talks to sell Gala magazine to Groupe Figaro
04/07/2023 10:40
July 4 (Reuters) - French media company Vivendi on
Tuesday said its subsidiary Prisma Media has started talks with
Groupe Figaro to sell Gala magazine.
Vivendi added on Tuesday that it is confident in completing
the transaction by October.
The sale of Gala magazine had been a condition set by the
European Commission to approve the completion of Vivendi's
acquisition of French publishing giant Lagardere LAGA.PA .
(Reporting by Olivier Sorgho, Editing by Louise Heavens)
((Olivier.Sorgho@thomsonreuters.com))