Lagardère Deal Complete
May 31st, 2011
Hearst announced today that the U.S. portion and the majority of its overall transaction with Lagardère has been completed. Nearly 100 titles and an extensive list of digital operations were acquired in the €640 million deal. In the U.S., the acquisition includes publishing rights to Elle and Elle Décor and ownership of Woman’s Day, Car and Driver, and Road & Track. Hearst will immediately begin integrating these titles into its Magazines Group.
See the full press release here!