Vivendi has entered into exclusive negotiations to sell 100% of Editis to IMI, a subsidiary of Czech Media Invest.
In a statement, Vivendi says that this follows reviewing the several offers it has received for the publishing group. It adds that any transaction will require the authorisation of the European Commission. It would also be subject to the information and consultation procedure involving the relevant employee representative bodies.
Czech Media Invest is a holding company that focuses on the acquisition and management of media assets across CEE. Founded and majority (50%) owned by the Czech billionaire Daniel Kretinsky, its interests are predominantly in the print and radio sectors but also include the streaming service Mall.TV.
Outside CEE, Czech Media Invest’s assets include France’s Le Monde, which it co-owns.
