European Union antitrust regulators will decide by Nov. 30 whether to clear French media company Vivendi’s proposed acquisition of French peer Lagardere, a European Commission filing showed on Tuesday.
Vivendi put in a request for EU approval on Monday, according to the bloc’s competition enforcer.
The deal, which would combine France’s two biggest publishing groups, Lagardere’s Hachette and Vivendi’s Editis, has already drawn criticism from French independent publishers, including its most famous one, Gallimard.
Related: Vivendi Paris Is Hunting For Acquisitions In Pay-TV
The Commission can clear the deal with or without remedies after its preliminary review, or it can open a four-month long investigation if it has serious concerns.
Vivendi’s top investor, billionaire Vincent Bollore, is considering selling Editis to allay possible EU antitrust concerns.
“(The sale) would be primarily carried out by distributing Editis shares to Vivendi’s shareholders and simultaneously having the shares admitted to trading on the Euronext Paris stock exchange,” Vivendi said in statement on Tuesday.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI