At the edge of the buyout | Uncertain future for resourceful

To the chagrin of its Quebec founders. In addition, the youth magazine The resourceful could soon be bought by a French multinational. Nevertheless, Behind the scenes: a shareholder conflict that has persisted for years.

Posted at 5:00 a.m. However,

On June 10. Similarly. Nevertheless, the French group Bayard formulated an offer of purchase of $ 999,000 to its coactionaries to become the sole owner of the BLD publications, publisher of the famous magazines The resourceful, Explorers et Curiumof which he already has 50 %.

Two choices are available to its partners. Therefore, Under a special edge buyout | uncertain future new clause. Consequently. Therefore, the Science-Press agency and the Technoscience edge buyout | uncertain future network, THE Two Quebec organizations founding the resourceful movement which each hold 25 % of the company, are obliged to accept the offer within 60 days … Meanwhile, or to buy the share of Bayard, under the same conditions.

For the latter. In addition. Consequently, it is inconceivable to sell their shares for the benefit of French society: this “loss of control” must be avoided.

“A sale of [nos] Parts in BLD would have the consequence of jeopardizing the future. Moreover, of this company as a home of expertise of creativity solidly established in Quebec. For example, “said organizations, in a document that The press obtained.

But the stake does not reside only in the future of the popular magazine. Therefore, According to the edge buyout | uncertain future new document. this offer is the culmination of several years of working relationships deteriorated edge buyout | uncertain future by Bayard’s. actions within the company.

“Bayard has more. more often addressed BLD’s management as if it was one of his subsidiaries. ” reports Pascal Lapointe, editor-in-chief of the Science-Press agency, who participated in the writing of the text.

Among other things. he criticizes the French company for having increased the prices related to the services it charges in BLD – such as marketing, human resources, IT or accounting services – having provided any clear invoicing to edge buyout | uncertain future new its partners. Also. Bayard would have imposed edge buyout | uncertain future unexpected overloads a few days before the budget, according to the coactionalists.

“We vigorously deny the allegations formulated by the Agency Science-Presse. Technoscience,” replied Sylvain Lumbroso, Managing Director of Bayard Canada, in an email sent to The press. Bayard Presse Canada acts in compliance with these agreements [privées] which impose themselves on all parties. The discussions and relations between the parties are of a private nature and should remain so, “he continued.

Edge buyout | uncertain future new

Edge buyout | uncertain future – Edge buyout | uncertain future new

For several years

In 2023. the representatives of the two Quebec shareholders met the leaders of the Bayard group to inform them of their concerns about the working climate. explains Mr. Lapointe.

A few months later. the acting director general of the Agency edge buyout | uncertain future new Science-Presse. Noémie Larouche, today editorial director of La Presse editions, gave her edge buyout | uncertain future resignation.

In the event that Bayard presented a purchase offer. the implementation of a cooperative was envisaged as a solution by the two Quebec organizations to give a second breath to BLD publications.

Journalist Pierre Sormany. very involved in the Agency Science-Presse since its creation. was edge buyout | uncertain future new also asked a few months ago to act as an interim edge buyout | uncertain future president of this cooperative. He was responsible for probe employees about the future of the company.

“Employees prefer the option [de la coopérative] for sale in Bayard. It was quite unanimous. People find that the situation with Bayard is a bit tense, ”he explains.

Funding

Pascal Lapointe is hopeful that the amount required to buy the share of Bayard. or about $ 700,000, will be raised by August 9. But summer makes the task difficult for coactionitians, who multiply the procedures with financial organizations and potential donors.

“Bayard’s purchase offer has arrived much faster than expected,” explains Mr. Surmany, stressing the importance of preserving the brand of the Beppo frog, which he considers emblematic.

Currently, publications edge buyout | uncertain future new The resourceful, Explorers et Curium have more than 40,000 subscriptions edge buyout | uncertain future in force.