Vivendi has acquired 100% of the share capital of Editis, the second-largest French-language publishing group. The share purchase agreement with the vendor, Spanish group Planeta, was entered into on November 15, 2018, based on an enterprise value of €900 million. The French Competition Authority authorized the transaction unconditionally on January 2, 2019.
Vivendi and Editis share a recognised expertise in the development and management of rights to works of culture and the same passion for managing creativity and talent. This acquisition is a logical step in the building of a large content, media and communications group. It also marks the return of this French publishing powerhouse to a European group with a global reach.
Arnaud de Puyfontaine, Vivendi’s Chief Executive Officer, has taken on the additional role of Chairman of Editis. Pierre Conte has been confirmed as Chief Executive Officer of Editis.
Editis encompasses some fifty prestigious publishing houses (Nathan, Robert Laffont, Julliard, Plon, Belfond, Presses de la Cité, Pocket, Solar, …). With a large portfolio of internationally-acclaimed authors, 4,000 new books published each year and a catalogue of more than 45,000 titles, Editis is active in the fields of fiction, children’s books, non-fiction, graphic and illustrated books, educational & reference books. Editis employs 2,400 people.
- Vivendi and Universal Music Group to acquire EMI Music Posted on November 19, 2011
- Time Warner and Vivendi bid for a share of TVN Posted on September 23, 2011
- Vivendi/Canal+ Group acquire the 10% of Canal+ France owned by TF1 Posted on November 24, 2009
You must be logged in to post a comment.