Lagardere and Hearst sign the share purchase agreement for the sale of Lagardere’s international magazine business

Update

Previous article Hearst Corporation to buy the international magazine business of Lagardère posted onJanuary 31, 2011 — Fusion DigiNet | Edit

Lagardère SCA has today signed the share purchase agreement for the sale of its international magazine business to Hearst Corporation.

The closing of the transaction remains subject to approval by local partners in certain countries as well as to certain customary governmental approvals and antitrust clearances in certain jurisdictions.

The closing of the transaction is expected to occur in the coming months.

France, Paris