Agnelli family to take over Italian newspaper group GEDI

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Agnelli family to take over Italian newspaper group GEDIThe Elkann-Agnelli family, which owns Britain's The Economist, will become the main shareholder of the publisher GEDI, a group that includes leading Italian dailies La Stampa and La Repubblica, in a deal announced late Monday. The family's holding firm Exor will buy the 43.78 percent of Gedi held by the De Benedetti family for 102.4 million euros ($113.4 million) and will then launch a takeover offer for the rest of the company via a new firm, they said in a joint statement.

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