Lagardère Group: a total or partial sale of Lagardère Sports being studied

The Lagardère Group is currently assessing the strategic options for the sale of all or part of its subsidiary Lagardère Sports, said the French publishing, production, distribution and content group, in a statement released on 08/07/2019.

"During this process, Lagardère may have to grant short-term exclusivity periods to potential buyers in order to enable them to deal with specific issues or manage aspects of due diligence," stated the group.

"At this stage, nothing is specific enough to be disclosed, and if so, Lagardère will inform the market and Lagardère will not comment on rumors about specific partners such as Wasserman (US sports marketing company) or Endeavor (holding company of the American conglomerate WME-IMG), which are renowned and recognized actors of the sector. Also, Lagardère does not comment on the figures," said the group.

• The American sports marketing company Wasserman Media Group, which deals in particular with the interests of American footballer Megan Rapinoe and basketball player Russell Westbrook (Oklahoma City Thunder), has entered into exclusive…