Exclusive: LVMH media unit refrains from lawsuit against Musk-owned X - sources
Portfolio Pulse from
LVMH's media unit, Les Echos-Le Parisien, has decided not to join a lawsuit against Elon Musk's platform X, despite previous intentions to do so. This decision was confirmed by a court official and media industry sources.
February 11, 2025 | 1:15 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
LVMH's media unit, Les Echos-Le Parisien, has decided not to pursue legal action against Elon Musk's platform X, despite earlier intentions.
The decision not to pursue legal action may avoid potential legal costs and public relations issues for LVMH. However, as this is a legal decision rather than a business or financial one, the immediate impact on LVMH's stock price is likely neutral.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 70