Hearst, Lagardère Finally Confirm Sales Talks

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Could the media M&A market be primed to kick off? Hearst Corp. and Lagardère SCA finally admitted they’re in sales talks, confirming the growing buzz of an impending deal. France’s Lagardère said it entered into exclusive negotiations through Jan. 30 to sell its international press and magazines business to Hearst for cash.

There have been various press reports over the better part of a year suggesting the two companies were in talks about a potential deal.

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