Future sells French division for EUR 18m

Future Publishing has sold its French division to WM7 for EUR 18 million (USD 25.6m).

Future France publishes 18 monthly magazines and has over 170 members of staff. Future Publishing will continue to license seven of its titles to Future France.

The publishing giant, responsible for multiple console and PC titles in Europe and the US including Edge, Xbox 360: The Official Xbox Magazine and PC Format, has said the the money raised from the sale will be used to pay off bank debt, as it continues to focus on English-language content.