Groupe Figaro in Exclusive Talks to Acquire Gala Magazine from Vivendi’s Prisma Media

Groupe Figaro in Exclusive Talks to Acquire Gala Magazine from Vivendi’s Prisma Media

(IN BRIEF) Vivendi has announced that its subsidiary, Prisma Media, is in exclusive negotiations with Groupe Figaro for the sale of Gala magazine. The sale is a requirement for the European Commission’s approval of Vivendi’s combination with the Lagardère group. Vivendi received multiple offers for the magazine and has chosen Groupe Figaro for negotiations, pending approval from the European Commission. The transaction is expected to be completed by October 2023.

(PRESS RELEASE) PARIS, 4-Jul-2023 — /EuropaWire/ — Vivendi (EPA: VIV), a French media conglomerate, has announced that its subsidiary, Prisma Media, is engaging in exclusive negotiations with Groupe Figaro for the sale of the Gala magazine. This decision follows the approval received from the European Commission for the combination of Vivendi and the Lagardère group, which is contingent upon the full divestment of the Gala magazine.

After careful consideration of multiple offers, Vivendi has chosen to enter into exclusive negotiations with Groupe Figaro. The successful conclusion of these negotiations will be subject to approval by the European Commission as the purchaser.

Furthermore, the proposed transaction will undergo the necessary information and consultation procedures involving the relevant employee representative bodies.

Vivendi expresses confidence in finalizing this transaction by October 2023.

About Vivendi

About Vivendi Since 2014, Vivendi has been building a world-class content, media and communications group. The group owns leading, highly complementary assets in television and movies (Canal+ Group), communications (Havas), magazines (Prisma Media), video games (Gameloft) and live entertainment and ticketing (Vivendi Village). It also owns a global digital content distribution platform (Dailymotion). The combination with Lagardère, subject to the fulfilment of the commitments that Vivendi has proposed to the European Commission, will enable the Group to become the world’s third-largest consumer and educational publishing group. Vivendi’s various businesses cohesively work together as an integrated industrial group to create greater value. Vivendi is committed to the environment and aims to help mitigate climate change by adopting an approach aligned with the 2015 Paris Agreements. In addition, the group is helping to build more open, inclusive and responsible societies by supporting diverse and inventive creative works, promoting broader access to culture, education and its businesses, and increasing awareness of 21st -century challenges and opportunities. www.vivendi.com

Important Disclaimers

Cautionary Note Regarding Forward-Looking Statements. This press release contains forward-looking statements with respect to Vivendi’s financial condition, results of operations, business, strategy, plans and outlook, including the impact of certain transactions and the payment of dividends and distributions, as well as share repurchases. Although Vivendi believes that such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside our control, including, but not limited to, the risks related to antitrust and other regulatory approvals as well as any other approvals which may be required in connection with certain transactions and the risks described in the documents of the group filed by Vivendi with the Autorité des Marchés Financiers (the French securities regulator), which are also available in English on Vivendi’s website (www.vivendi.com). Investors and security holders may obtain a free copy of documents filed by Vivendi with the Autorité des Marchés Financiers at www.amf-france.org, or directly from Vivendi. Accordingly, we caution readers against relying on such forward-looking statements. These forward-looking statements are made as of the date of this press release. Vivendi disclaims any intention or obligation to provide, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Unsponsored ADRs. Vivendi does not sponsor an American Depositary Receipt (ADR) facility in respect of its shares. Any ADR facility currently in existence is “unsponsored” and has no ties whatsoever to Vivendi. Vivendi disclaims any liability in respect of any such facility.

SOURCE: VIVENDI