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Vivendi completes buyout of M6’s Canal Plus stake

French media company Vivendi has completed its buyout of the 5.1% stake of Canal plus owned by M6. 

Free-to-air broadcaster M6, which is owned by RTL, sold the stake in the French pay-TV operator for €384.2m. Vivendi now owns 80% of Canal Plus with the remainder held by fellow French conglomerate Lagardere.