Lagardere rebuffs approach from Vivendi for Europe 1 and TV assets
The listed French media group Vivendi is understood to have approached competitor Lagardere about the potential acquisition of the latter’s TV and radio assets, French weekly La Lettre de L’Expansion reported.
The unsourced report claimed that Vivendi's main shareholder and Chairman Vincent Bollore set his eyes on Europe 1, the radio operated by Lagardere and that is viewed as complementary to the news TV channel iTele operated by Vivendi’s Canal Plus.
The report also added the TV activities of Lagardere, with channels such as Gulli and Mezzo, were also targeted by Vivendi.
The article, however, claimed that Lagardere rejected the approach so far.
The original article appeared in print; Page 4
Source La Lettre de l'Expansion