June 22, 2020 / 5:19 AM / 13 days ago

French group Mediawan to buy Lagardere Studios in $112 mln deal

PARIS, June 22 (Reuters) - French group Mediawan said on Monday it would buy Lagardere Studios from conglomerate company Lagardere in a takeover deal worth around 100 million euros ($112 million).

Mediawan’s founders - Pierre-Antoine Capton, Iliad founder Xavier Niel and financier Matthieu Pigasse - will also set up a new company called Mediawan Alliance to further develop the existing Mediawan business.

$1 = 0.8928 euros Reporting by Sudip Kar-Gupta; Editing by Muralikumar Anantharaman

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