Arnaud Lagard

NEW YORK -- Lagardère SCA will acquire Time Warner Book Group, the fifth largest U.S. book publisher for $537.5 million. Through this transaction, Lagardère's Book Publishing branch will become No. 3 worldwide. This is a major step in fulfilling a Lagardère objective to create a balanced portfolio in three main languages, French, English and Spanish. Time Warner Book Group is a major trade publisher, with many best-selling authors, including Nelson DeMille, Nicholas Sparks, James Patterson, David Baldacci and Malcolm Gladwell. Besides adult trade, it publishes illustrated, religious and children's books and has also developed an audio-book imprint. Time Warner Book Group

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