The agreement, valued at approximately $2.5 billion, was unveiled in May. It was not unexpected, as Bollore Group controls both entities and has been pushing for greater cooperation between the two firms.
Paris-based entertainment conglomerate Vivendi has made an offer to buy up the 60% stake in Havas owned by the Bollore Group for approximately 2.36 billion euros (about $2.56 billion). The move is not unexpected as Bollore Group controls both entities and has pushed for greater cooperation between the two firms for some time.
In a further escalation of hostilities between two European TV giants, Vincent Bollore’s Vivendi announced Monday that it was planning to raise its stake in Silvio Berlusconi’s Mediaset to 30% of shareholding and voting rights — the upper limit above which Vivendi would be legally obliged to launch a takeover bid.
ROME (AP) — Shares in Silvio Berlusconi’s Mediaset empire were volatile Thursday after the Italian government suggested it wouldn’t accept a hostile takeover by France’s Vivendi media group. Trading in […]
Exclusives
During the IBC 2016 opening keynote today in Amsterdam, the chairman of Vivendi Content and chief commercial officer of Vodafone Germany discussed how they are tackling changes in the distribution and consumption of video content.
French media giant Vivendi agreed to pay billionaire mogul John Malone‘s Liberty Media $775 million to settle a decade-old lawsuit related to USA Networks. The settlement, announced Friday, puts an end to the suit stemming from Vivendi’s 2001 purchase of Liberty Media’s stake in USA Networks.
Vivendi SA, once the controlling shareholder in video-game maker Activision Blizzard Inc., is selling half of its remaining stake in an offering valued at more than $850 million.
Taking a page from News Corp’s book, French conglomerate Vivendi is moving closer to splitting itself into two separate companies. Canal Plus and Universal Music Group owner Vivendi says it is launching a study to weigh a demerger that would create, on one side, a new international media group with interests in pay TV, music, film and online. On the other side would be SFR, the mobile phone operator.
Liberty Media Corp. won a judge’s order for a €765 million ($999 million) judgment in its lawsuit against Vivendi SA with interest starting in December 2001, following a jury award last year. U.S. District Judge Shira Scheindlin in Manhattan approved the judgment and interest using the average rate of return on one-year Treasury bills compounded annually, according to a court filing yesterday.
French media conglomerate Vivendi is stepping up a strategic review of its businesses as it decides whether to sell or spin off some of its assets.
A federal jury awarded $956 million to Liberty Media in a deal involving the USA Networks, saying Vivendi deceived it with rosy statements.
Vivendi has sold the remainder of its stake in NBC Universal to GE, clearing the way for Comcast to become the majority owner of NBCU. Vivendi sold its remaining $3.8 billion to GE on Monday, bringing the total sale price of its stake to $5.8 billion, excluding dividends, Vivendi said.
