Hearst Eyes Lagardère’s Magazine Unit

Lagardère is planning to sell its international magazines business.

Lagardère is planning to sell its international magazines business, The Wall Street Journal reports. The French publishing group is in exclusive talks with New York-based Hearst. The deadline for the exclusive talks is Jan. 30, 2011. Hearst is seeking to buy Lagardère’s global magazine portfolio of 102 magazine editions, 50 websites and digital operations outside France.

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