Negotiations for Hearst’s Acquisition of Lagardere’s International Press and Magazine Business confirmed

Hearst Corporation and Lagardère SCA have confirmed that they have entered into an agreement providing for exclusive negotiations until January 30, 2011 for the acquisition by Hearst of Lagardère’s international press and magazine business in an all cash transaction. Fusion DigiNet first reported the story on December 21, 2010,

USA, New York, NY and France, Paris

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