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Jun 12 2023
After a nine-month investigation, the European Commission has approved the purchase of Lagardère, owner of Hachette, France's largest publisher, by Vivendi, with several conditions. Vivendi must sell its Editis publishing house, the second largest publisher in France, as well as Gala, the celebrity magazine, according to the Bookseller and Buchreport.
EU competition commissioner Margrethe Vestager commented: "We must be sure that the publishing and media markets remain competitive to encourage a diversity of ideas and opinions. The proposed requirements will maintain existing competition in these markets to the benefit of consumers."
Vivendi chair Yannick Bolloré said that the purchase will fulfill the company's "strategic efforts to internationalize our operations and our wish to be a leading global actor in the area of culture and entertainment."
Libby Lost and Found
by Stephanie Booth
Libby Lost and Found is a book for people who don't know who they are without the books they love.
Happiness makes up in height for what it lacks in length.
Click Here to find out who said this, as well as discovering other famous literary quotes!
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