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Bolloré Reported as Frontrunner to Buy Le Parisien From Arnault

A Le Nouvel Obs report says revived summer talks follow years of losses at the daily.

Overview

  • Le Nouvel Obs reports, citing unnamed sources, that Vincent Bolloré is in pole position to acquire Le Parisien from Bernard Arnault.
  • The sale remains unconfirmed, with discussions described as ongoing rather than finalized.
  • Arnault and Bolloré met in Saint-Tropez in August after initiating negotiations in late June, according to the report.
  • Arnault is said to be weary of roughly €30 million in annual losses at Le Parisien, which he bought in 2015 through LVMH.
  • The potential deal is portrayed as part of a broader rapprochement between the two billionaires and as sensitive less than two years before the next presidential election.