Bignon Lebray and August Debouzy on the projected acquisition of Billetreduc.com by Fnac Darty group

France Billet, a major player on the French ticketing market through a multichannel and multiband distribution network established across the whole territory, would make available with this acquisition, a wider and diversified ticket offer to strengthen its action in favor of cultural diversity, the discovery of new talents, and making culture accessible for all audiences.

Billetreduc.com, a prominent French distributor of “last minute” event tickets, would bring to France Billet a complementary offer to the growing market of last-minute tickets, thus enabling the latter to capture a new audience and strengthen its attractiveness to event organizers. With 2 million customers and nearly €8 million in revenue, its online platform is a benchmark in the theater segment and garners more than 140,000 reviews a year.

Enrique Martinez, Managing Director of Fnac Darty, has said:
"With this acquisition, Fnac Darty would give France Billet the means to diversify and strengthen its ticketing offers across the whole French territory, in a changing market. Ticketing is at the heart of our business and we want to strengthen our cultural role as a reference territorial player."

The objective of Fnac Darty is to finalize the transaction during the first quarter of 2019.

Legal advisors of Fnac Darty:

Bignon Lebray
- Corporate - M&A issues: Edouard Waels (partner), Fanny Esnée (associate), Guillaume Roussel (associate)
- IT – Data issues: Elise Dufour (partner)
- Distribution Contracts: Frédéric Coulon (partner), Floriane Cadio de Kermainguy (associate)

Legal advisors of Lagardère:

August Debouzy
- Corporate - M&A issues: Julien Aucomte (partner), Elsa Jospe (senior associate), Maxime Legourd (associate)
- IP / Data issues: Florence Chafiol (partner), Barbara Naouri (senior associate)

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