Hearst Corporation Acquiring 102 Publications From Lagardère In $890 Million Deal
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
The Hearst Corporation has agreed to buy 102 publications from French company Lagardère in a deal that is worth $890 million. Lagardère has been wanting to shed their international operations and focus more on their domestic business. Heart will become the second largest domestic magazine as a result of the deal. Hearst will gain the American edition of Elle, Car and Driver, Road & Track, and Woman’s Day.