According to Reuters, Lagardère is nearing a decision to sell its portfolio of international titles to one of two bidders: U.S.-based Hearst Corp or Germany-based Bauer Media Group.
Media group Lagardère would reap about 600 million to 700 million euros ($785.52 million to $916.44 million) from the sale, according to a source with knowledge of the talks.
Lagardère is being advised by JPMorgan and Rothschild, according to two sources.
- Hearst Corporation acquires iCrossing Posted on June 6, 2010
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