{"id":131,"date":"2023-07-02T14:25:02","date_gmt":"2023-07-02T14:25:02","guid":{"rendered":"https:\/\/www.trainy.co\/blog\/?p=131"},"modified":"2023-07-02T14:25:02","modified_gmt":"2023-07-02T14:25:02","slug":"vivendi-takeover-bid-lagardere","status":"publish","type":"post","link":"https:\/\/www.trainy.co\/blog\/en\/vivendi-takeover-bid-lagardere\/","title":{"rendered":"Vivendi\u2019s takeover bid for Lagard\u00e8re"},"content":{"rendered":"\n<p class=\"MsoNormal wp-block-paragraph\">Since Vincent Bollor\u00e9 and his Vivendi group began pushing their pawns into publishing and media, first in 2019 with the takeover of Editis, and now with last week&rsquo;s absorption of Lagard\u00e8re, the Group&rsquo;s adjusted operating profit (EBITDA) has risen significantly. It has risen from \u20ac690 million in 2021 to \u20ac868 million in 2022, an increase of almost 26%. <b>In addition, adjusted net income has been multiplied by 2.2, thanks to the sharp rise in EBITA and income from financial investments.<o:p><\/o:p><\/b><\/p>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\">&nbsp;<\/p>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\">&nbsp;<\/p>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\"><b>Read more :&nbsp;<\/b><a href=\"https:\/\/www.trainy.co\/en\/blog\/57\/what-are-the-main-steps-in-ma\"><b>What are the main steps of a merger and acquisition?<\/b><\/a><o:p><\/o:p><\/p>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\">&nbsp;<\/p>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\">&nbsp;<\/p>\n\n\n\n<h2 class=\"MsoNormal wp-block-heading\"><b>Vivendi: the entertainment giant<o:p><\/o:p><\/b><\/h2>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\">Founded by Napoleon III in 1853, Videndi is a French media and communications group.<o:p><\/o:p><\/p>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\">&nbsp;<\/p>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\">The Group includes several leading companies in content production, communications, and media:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n\n\n\n<li class=\"MsoNormal\"><o:p><\/o:p><b>Canal + Group<\/b>: one of France&rsquo;s leading pay-TV operators.<\/li>\n\n\n\n\n\n\n<li class=\"MsoNormal\"><b>Havas<\/b>: a global communications group organized into three business units covering all the sector&rsquo;s activities (creativity, media expertise and health\/wellness). Sales of 9.6 billion euros by 2022.<\/li>\n\n\n\n\n\n\n<li class=\"MsoNormal\"><b>Studiocanal<\/b>: a leading European player in the production of films and TV series.<\/li>\n\n\n\n\n\n\n<li class=\"MsoNormal\"><b>Prisma Media<\/b>: French leader in magazines, online video and daily digital audience.<\/li>\n\n\n\n\n\n\n<li class=\"MsoNormal\"><b>Gameloft<\/b>: a world leader in mobile video games.<\/li>\n\n\n\n\n\n\n<li class=\"MsoNormal\"><b>Dailymotion<\/b>: one of the world&rsquo;s largest video content aggregation and distribution platforms (over 350 million unique users per month).<\/li>\n\n\n\n\n\n\n<li class=\"MsoNormal\"><b>Group Vivendi Africa<\/b> (GVA): an operator of FTTH (Fiber to the home) networks in sub-Saharan Africa.<\/li>\n\n\n\n<\/ul>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\">&nbsp;<\/p>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\">&nbsp;<\/p>\n\n\n\n<h2 class=\"MsoNormal wp-block-heading\"><b>Lagard\u00e8re takeover: synergies expected<o:p><\/o:p><\/b><\/h2>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\">The acquisition of Lagard\u00e8re, <b>parent company of the world&rsquo;s third-largest publisher Hachette Livre<\/b>, should enable the group to expand its international activities, better spread operating risks, reduce costs over the long term and increase sales.<o:p><\/o:p><\/p>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\">In addition, Vivendi&rsquo;s acquisition of Lagard\u00e8re (Hachette, Paris Match) will be reinforced by synergies with Canal+ (television), Havas (advertising) Prisma Media (magazines) and other Vivendi assets. According to Vivendi Chairman Yannick Bollor\u00e9, a \u00ab\u00a0positive, value-creating symbiosis\u00a0\u00bb is on the way.<o:p><\/o:p><\/p>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\">&nbsp;<\/p>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\">&nbsp;<\/p>\n\n\n\n<h2 class=\"MsoNormal wp-block-heading\"><b>Vivendi: two years to take over Lagard\u00e8re<o:p><\/o:p><\/b><\/h2>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\"><b>Brussels has given the green light<\/b> \u00ab\u00a0subject to certain conditions\u00a0\u00bb to Vivendi&rsquo;s takeover of the Lagard\u00e8re group, parent company of the world&rsquo;s third-largest publisher Hachette Livre. The takeover bid for Arnaud Lagard\u00e8re&rsquo;s group, scheduled for <b>September 2021<\/b>, was approved by the European Commission on Friday June 9. However, Vivendi is obliged to sell Editis and the people magazine Gala to comply with <b>European competition rules<\/b>. The sale of Editis is not without consequences for the French media group, but the acquisition of Lagard\u00e8re subsidiary Hachette should more than compensate for the loss in sales.<o:p><\/o:p><\/p>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\">Much stronger internationally than Editis, Lagard\u00e8re&rsquo;s subsidiary is the French market leader and number three worldwide in publishing. In addition, Hachette has teamed up with PowerZ &#8211; a French start-up developing an educational game for children &#8211; to develop its offer in the Metaverse, notably through the construction of a virtual world, entitled \u00ab\u00a0Beyond the Pages\u00a0\u00bb.<o:p><\/o:p><\/p>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\">&nbsp;<\/p>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\">&nbsp;<\/p>\n\n\n\n<h2 class=\"MsoNormal wp-block-heading\"><b>Vivendi: Canal + invests in streaming platform VIU<o:p><\/o:p><\/b><\/h2>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\">En juin, le <b>Groupe Canal +<\/b> (propri\u00e9t\u00e9 de Vivendi) a annonc\u00e9 la s<b>ignature d\u2019un partenariat strat\u00e9gique avec l\u2019entreprise PCCW Limited<\/b>, une entreprise hong-kongaise sp\u00e9cialis\u00e9 dans les services de t\u00e9l\u00e9communications, afin d\u2019acc\u00e9l\u00e9rer le d\u00e9veloppement de <b>VIU<\/b>. Cette plateforme de streaming est pr\u00e9sente sur 16 march\u00e9s notamment en Asie, au Moyen-Orient et en Afrique du Sud. Elle compte plus de 66 millions d\u2019utilisateurs actifs mensuels. Ainsi, <b>l\u2019objectif du Groupe Canal + est de faire de ses activit\u00e9s en Asie un nouveau moteur de croissance<\/b>.<o:p><\/o:p><\/p>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\">L\u2019op\u00e9ration d\u2019un montant de <b>300 millions de dollars<\/b> sera \u00e9chelonn\u00e9e et Canal+ disposera d&rsquo;une option pour augmenter sa participation dans VIU \u00e0 51%.<o:p><\/o:p><\/p>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\">In June, the <b>Canal + Group<\/b> (owned by Vivendi) announced the <b>signature of a strategic partnership with PCCW Limited, a Hong Kong company specializing in telecommunications services<\/b>, to accelerate the development of VIU. This streaming platform is present in 16 markets, notably in Asia, the Middle East and South Africa. It has over 66 million monthly active users. <b>Canal + Group&rsquo;s objective is to turn its activities in Asia into a new growth driver.<o:p><\/o:p><\/b><\/p>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\">The $300 million transaction will be staggered, and Canal+ will have an option to increase its stake in VIU to 51%.<o:p><\/o:p><\/p>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\">&nbsp;<\/p>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\">&nbsp;<\/p>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\"><b>Read more:&nbsp;<\/b><a href=\"https:\/\/www.trainy.co\/en\/blog\/70\/ma-glossary-trainy\"><b>M&amp;A Glossary and Terms<\/b><\/a><o:p><\/o:p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brussels gives green light to Vivendi\u2019s takeover bid for Lagard\u00e8re, triggering a big bang in French publishing.<\/p>\n","protected":false},"author":3,"featured_media":642,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[12],"tags":[],"class_list":["post-131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.trainy.co\/blog\/wp-json\/wp\/v2\/posts\/131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.trainy.co\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.trainy.co\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.trainy.co\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.trainy.co\/blog\/wp-json\/wp\/v2\/comments?post=131"}],"version-history":[{"count":0,"href":"https:\/\/www.trainy.co\/blog\/wp-json\/wp\/v2\/posts\/131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.trainy.co\/blog\/wp-json\/wp\/v2\/media\/642"}],"wp:attachment":[{"href":"https:\/\/www.trainy.co\/blog\/wp-json\/wp\/v2\/media?parent=131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.trainy.co\/blog\/wp-json\/wp\/v2\/categories?post=131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.trainy.co\/blog\/wp-json\/wp\/v2\/tags?post=131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}