Hearst is set to purchase the Lagardere-owned magazines published outside of France, including Elle, Road & Track, and Woman’s Day. (These magazines are published under the U.S. unit Hachette Filipacchi.)

Layoffs will likely accompany the big move; 30 percent or moreĀ of the staff would be cut if the purchase gets final approval in Europe, the New York Post reports. The transaction is costing Hearst $918 million, according to the AFP.