After nearly two months of “exclusive negotiating” between the two publishing giants, Hearst has signed an agreement to buy Lagardère’s 102 non-French magazines for 651 million euros ($917 million), minonline reports.
Regulatory approval in Europe is still pending but other than that the deal is on. Hearst will then own Woman’s Day, Car and Driver and Road & Track in the U.S. as well as Elle in fifteen countries, but not in France.
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