Media giant adds second-largest French-language publishing group to its portfolio
Vivendi has bought Editis from Spanish owner Planeta in a deal that values the business at €900 million.
Editis employs around 2,400 people, publishing 4,000 titles a year through 50 different imprints, including Nathan, Robert Laffont, Julliard, Plon, Belfond, Presses de la Cité, Pocket and Solar, and boasts a backlist of some 45,000 titles.
Editis joins Universal Music Group, Canal+ Group, ad agency Havas and and mobile games company Gameloft in the Vivendi stable. Last month Havas' UK chairman and ceo Chris Hirst addressed a breakfast meeting of senior British publishers, hosted in London by BookBrunch.
Vivendi chief executive officer Arnaud de Puyfontaine (pictured) also becomes chairman of Editis with Pierre Conte as ceo. The deal raises the possibility that Vivendi, which already has English-language businesses, may go on to seek an English-language publisher to sit alongside Editis.