$889 million for 102 publications in 15 countries.
Hearst just got a bigger sandbox to play in. The media company announced it's buying a huge set of magazines owned by the French media conglomerate Lagardère, including such recognizable brands as Car and Driver, and non-French versions of Elle. The $889 million deal, including 102 publications in 15 countries, came after months of negotiations, as Lagardère is under pressure from shareholders to improve performance.
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