Announced
Completed
Financials
Sources
Tags
Private
Acquisition
Completed
public relations
France
Single Bidder
Friendly
Minority
Publishing
Domestic
Synopsis
Vivendi, a French media conglomerate, completed the acquisition of an 8.5% stake in Progressif Media, a digital communication group, from ZeWatchers. Financial terms were not disclosed. ZeWatchers will own a 30% stake in the company while the three Progressif Media founders, Emile Duport, David Bonhomme and Thomas Ghys, will retain 60% of the company.
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