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lagardere

February 2, 2011

Family-controlled media group Lagardere announced on 31 January that it is to sell its international magazine business to fellow family publisher Hearst Corporation for €651 million in cash.

Family-controlled media group Lagardere announced on 31 January that it is to sell its international magazine business to fellow family publisher Hearst Corporation for €651 million in cash.

The US-based publisher will take control of 102 magazine titles in 15 countries from the US to Hong Kong – a business which had revenues of €774 million last year.

May 5, 2010

Arnaud Lagardère is anxious to shake off his playboy image, writes Darrell Delamaide. The 49-year-old second-generation head of Lagardère SCA, which has extensive media interests as well as an important investment in defence and aerospace, was reportedly one of the bidders in the running to acquire Playboy magazine when it was being jobbed around last year.

Arnaud Lagardère (pictured) is anxious to shake off his playboy image, writes Darrell Delamaide. The 49-year-old second-generation head of Lagardère SCA, which has extensive media interests as well as an important investment in defence and aerospace, was reportedly one of the bidders in the running to acquire Playboy magazine when it was being jobbed around last year.

April 29, 2010

Guy Wyser-Pratte, the activist investor attempting to secure key changes to the governance structure of family-controlled Lagardère, failed to win the necessary support to pass his proposals at the company’s general meeting on Tuesday.

Guy Wyser-Pratte, the activist investor attempting to secure key changes to the governance structure of family-controlled Lagardère, failed to win the necessary support to pass his proposals at the company's general meeting on Tuesday.
 
Wyser-Pratte's attempt to gain a seat on the supervisory board was rejected in the shareholder vote by 78%, while his proposals to change the share structure of the France-based media company were also rejected by 76%.
 

April 16, 2010

Arnaud Lagardere, second-generation head of the family-controlled media group Lagardere SCA, has defended his strategy and commitment to the France-based company following criticism from activist investor Guy Wyser-Pratte.

Arnaud Lagardere (pictured), second-generation head of the family-controlled media group Lagardere SCA, has defended his strategy and commitment to the France-based company following criticism from activist investor Guy Wyser-Pratte.

Wyser-Pratte is the owner of New York-based Wyser-Pratte Management Co, an active investing fund focused on undervalued European equities. He has released a series of statements attempting to rally support for his appointment to the Lagardere board.

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