Thursday, April 19, 2007

Lagardere Buys Jumpstart Automotive Media

Paris-based Lagardere SCA said today that its subsidiary, Hachette Filipacchi Media U.S., has acquired 100% of Jumpstart Automotive Media. The deal was worth $84M in cash plus up to $26M in earnout tied to earnings targets. According to Lagardere, Jumpstart had 2006 revenues of $17.1M. Jumpstart Automotive Media is backed venture firm by Alta Communications, which invested $10M in the firm in August of 2006.