Informa Acquires Cannes Lions Owner Ascential for £1.16 Billion - VideoWeek
Informa, a British publishing and events group, has agreed to buy Ascential, owner of the Cannes Lions festival, for £1.16 billion.
The Cannes Lions will become part of a new Informa Festivals business, with plans to expand the Ascential brands into fast-growing markets, including Africa and the Middle East.
The London-based group already owns a range