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August Debouzy advised Bertelsmann in connection with the conclusion of a put option agreement pertaining to the sale of 100% of Prisma Media

Communiqué | 20/01/21 | 1 min. |

August Debouzy advised Bertelsmann, a German media group, in connection with the conclusion of a put option agreement pertaining to the contemplated sale of 100% of Prisma Media, France's leading print and digital media group, with twenty flagship magazine brands, to Vivendi, a French global content, media and communications group. The execution of the put option agreement enables to commence the information and consultation process of the workers' council of Prisma Media group.

Prisma Media group is part of Gruner + Jahr, itself owned by the Bertelsmann group. Its flagship brands range from Femme actuelle to GEO, including Capital, Gala and Télé-Loisirs. More than 42 million French people are in contact each month with one of the group's brands, whether they are leafing through a magazine, surfing the web, on a mobile phone or on a tablet.

Legal advisors:

August Debouzy assisted Bertelsmann with a team led by Valéry Denoix de Saint Marc (partner), David Neuwirth and Ludovic de Talancé (associates) on corporate aspects. Philippe Durand (partner) and Alexandre Dumortier (associate) on employment law aspects, Renaud Christol (partner) and Marc-Antoine Picquier (associate) on antitrust law aspects, Philippe Lorentz (partner) and Nastasia Szenik (associate) on tax law aspects, Nicolas Quoy (counsel) and Laure Arnon-Duquesnoy (senior associate) on IP law aspects also intervened on the matter.

 


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