Hearst buys Lagardère international magazine portfolio for €651 million

February 2011
Hearst Corporation has made the deal. It has, after several months of heavy speculation, announced its purchase of  the international press and magazine business of the French company Lagardère SCA for €651 million (about $895 million). The binding cash deal includes 102 Lagardère titles in 15 countries plus some 50 websites and various tablet and mobile apps. (Lagardère is