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Hearst and Elle Parent Company Lagardere in Exclusive Acquisition Talks

Hearst Could Own Elle Within the Month


>> Harper's Bazaar publisher
Hearst could have ownership of all 40-plus foreign editions of Elle (minus the original French one) within the month. After over a year of rumors about the acquisition, and then word that Bauer Media or Meredith Corporation might also be in the running, Elle parent company Lagardere announced on Friday that it is in exclusive talks with Hearst, giving until Jan. 30, for the deal to be struck. Whatever happens, Lagardere still aims to keep full editorial control at Elle, post-sale. [Bloomberg, WWD]

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