Lagardere gets offer for Sports.fr and Football.fr sites from Reworld Media
30/07/2019 07:45
PARIS, July 30 (Reuters) - French media company Lagardere
LAGA.PA has received an offer for its Sports.fr and
Football.fr websites from digital media company Reworld Media
ALREW.PA , as Lagardere continues its drive to sell non-core
assets.
Reworld Media said on Tuesday that the acquisition of those
Lagardere sites would fit well with its other existing sites
dealing with rugby, soccer and auto sports.
"With Football.fr and Sports.fr, Reworld Media would
strengthen its position in football news while asserting itself
as a strategic and major player on multi-sport in France," said
Reworld Media Digital's Operation Manager Jeremy Parola.
Reworld did not specify how much it plans to offer for the
websites.
Besides its media businesses, Lagardere is also present in
the travel retail business through duty free shops, and in
hosting sports and entertainment events.
(Reporting by Sudip Kar-Gupta;
Editing by Inti Landauro)
((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))