Lagardere SCA has confirmed that it has signed a contract with the M6 Group for the sale of its television business.
Pierre Lescure is leaving the Lagardère SCA supervisory board with immediate effect.
Lagardère Sports, the sports rights subsidiary of French media company Lagardère, wants to launch a streaming service for sports fans in Germany.
France’s Lagardère will launch another music TV channel on October 2.
Lagardère is to launch 30 channels on YouTube based on versions of Virgin Radio.
France Télévisions is selling its 34% stake in kids channel Gulli to Lagardère Interactive.
Vivendi and Lagardère have agreed on terms for disposal of Lagardère’s 20% share in Canal+ France for €1.020 billion in cash.
French media group Lagardere confirmed “ongoing discussions with Vivendi” about the sale of its 20% stake in Canal+.
Lagardère CEO Arnaud Lagardère has said the company is prepared to, if necessary, buy Canal+ France’s remaining 80% stake in Vivendi before holding an IPO “on favourable terms”.
Vivendi says it will vigorously contest a claim by Lagardère that a cash management agreement between Canal+ France and parent company Canal+ Group should be treated as null and void.