PARIS (Reuters) - French group Mediawan (PA:MDW) said on Monday it would buy Lagardere Studios from conglomerate company Lagardere (PA:LAGA) in a takeover deal worth around 100 million euros (£90.4 million).
Mediawan's founders - Pierre-Antoine Capton, Iliad (PA:ILD) founder Xavier Niel and financier Matthieu Pigasse - will also set up a new company called Mediawan Alliance to further develop the existing Mediawan business.