M&A Deal Summary

Hearst Acquires Lagardère Magazine Group

On February 1, 2011, Hearst acquired publishing company Lagardère Magazine Group from Lagardere for 651M EUR

Acquisition Highlights
  • This is Hearst’s 2nd transaction in the Publishing sector.
  • This is Hearst’s largest (disclosed) transaction.
  • This is Hearst’s 1st transaction in France.

M&A Deal Summary

Date 2011-02-01
Target Lagardère Magazine Group
Sector Publishing
Buyer(s) Hearst
Sellers(s) Lagardere
Deal Type Divestiture
Deal Value 651M EUR

Target

Lagardère Magazine Group

France
Lagardère Magazine Group is the international magazine arm of Lagardère SCA and consists of more than 100 titles.

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Buyer(S) 1

Buyer

Hearst

New York, New York, United States

Category Company
Founded 1887
Sector Media
Revenue 9.0B USD (2013)
DESCRIPTION

Hearst is a privately held American mass media and business information conglomerate founded by William Randolph Hearst in 1887. The Company operates in a wide range of industries, including publishing, broadcasting, entertainment, digital media, and real estate. Hearst owns over 360 businesses across the globe, including newspapers, magazines, television stations, cable networks, book publishers, and online media. Some of its most well-known brands include Cosmopolitan, Esquire, Harper's Bazaar, Elle, Marie Claire, Car and Driver, and Good Housekeeping. The company also owns a significant stake in ESPN and A&E Networks. Today, Hearst is one of the largest diversified media and information companies in the world. Hearst is based in New York City.


DEAL STATS #
Overall 9 of 29
Sector (Publishing) 2 of 5
Type (Divestiture) 3 of 7
Country (France) 1 of 1
Year (2011) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-14 Skiff

United States

Skiff LLC provides e-reading platform designed to deliver premium journalism to tablets, smartphones, e- readers and netbooks. The Skiff platform specializes in delivering visually appealing layouts for newspaper and magazine content. With the capability to deliver high-resolution graphics, rich typography and dynamic updates, this unique platform has the ability to retain engaging design elements that consumers enjoy while allowing publications to maintain brand identity and differentiation.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-06 UGO Entertainment

New York, New York, United States

UGO Networks is the ultimate online entertainment playground for people with “Gamer DNA.” UGO engages its massive audience with interactive content and information about the hottest games, movies, TV shows, music, comics, technology, sports and celebrities.

Sell -

Seller(S) 1

SELLER

Lagardere

Paris, France

Category Company
Founded 1826
Sector Media
Employees24,173
Revenue 8.1B EUR (2023)
DESCRIPTION

Lagardere is a diversified media group which operates through four divisions. These include Lagardere Publishing, Lagardere Services, Lagardere Active, and Lagardere Unlimited. Lagardere was founded in 1826 and is based in Paris, France.


DEAL STATS #
Overall 2 of 11
Sector (Publishing) 2 of 3
Type (Divestiture) 2 of 11
Country (France) 1 of 7
Year (2011) 1 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-07 Blue Entertainment Sports Television

Louisville, Kentucky, United States

BEST (Blue Entertainment Sports Television) is a unified, full-service sports and entertainment management, event and production company. The firm provides its clients and brands with cross-selling opportunities through experiential properties and a variety of sporting events, represents television rights to top events such as the US and French Opens and the Boston Marathon and guides the athletic and entertainment careers of top-notch talent such as Reggie Bush, Shawn Marion, Caroline Wozniacki and Magic Johnson.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-21 Stadia Consulting Group SAS

Boulogne-Billancourt, France

Stadia Consulting Group SAS specialises in development consulting and management of sports arenas.

Buy -