Vivendi ‘open’ to TIM network carve out

Vivendi has indicated that it may be open to the Italian state taking control of Telecom Italia’s (TIM) network infrastructure, a likely preliminary to the acquisition of TIM by US-based private equity outfit KKR. A Vivendi spokesperson told La Repubblica newspaper that the French company was interested in any outcome that promoted the efficiency of […]

Canal+ strikes new windowing and finance deal with French cinema

French pay TV giant Canal+ has made peace with the country’s film industry in a landmark deal that will see it commit to invest €600 million in film production over the next three years in exchange for a loosening up of the current strict theatrical windowing regime. Canal+ and leading cinema organisations BLIC, BLOC and […]

Mediaset becomes MFE-MediaForEurope

Mediaset’s board have approved the company’s change of name to MFE-MediaForEurope NV along with the introduction of a dual-class share structure and authorisation for the issue of new shares. The change of name is effective immediately. “We are extremely satisfied with these two important steps: the creation of MFE-MediaForEurope N.V. in the Netherlands and the […]

Vivendi agrees to back Mediaset’s dual class share structure plan

Vivendi has agreed to vote in favour of Mediaset’s plans to introduce a dual class share structure. The companies, which had been sparring for years, announced a truce in July but this was thrown into doubt last month when Mediaset proposed a dual class share structure to further its M&A plans. This structure will give […]

Canal+ growth boosts Vivendi as French giant beats expectations

French media group Vivendi has seen a successful Q3 as a result of growth at pay TV business Canal+. Canal+ is now Vivendi’s biggest business unit following the spin-off of Universal Music Group earlier this year.  Overall, Vivendi’s revenue grew to €2.48 billion, beating analyst expectations of €2.26 billion. Its Q3 sales rose by 10% […]

Canal+ owner Vivendi moves to take full control of Lagardère

Canal+ owner Vivendi plans to take full control of publishing and travel retail giant Lagardère as it re-centres its activities on media. The group intends to acquire activist investor Amber Capital’s 17.93% stake in the group at the latter’s invitation – in line with a previous agreement between the pair. Vivendi will pay €24.10 a […]

Vivendi sells UMG stake for US$1.149 billion

Vivendi has sold a small stake in Universal Music Group for over US$1 billion. The French media group, which owns broadcaster Canal+, confirmed the sale of a 2.9% stake to American hedge fund manager Bill Ackman’s Pershing Square.  The US$1.149 billion sale is based on an enterprise value of US$41.40 billion for Universal Music Group. […]

Canal+ to appeal as court orders it to honour Ligue 1 contract

Canal+ has said it will contest a ruling by the Nanterre commercial court ordering it to honour its contract with beIN Sports to air two matches per weekend matchday of French top-tier football. The court yesterday said that the pay TV operator could not renege on its contract to air the matches under a sub-licensing […]

Vivendi and Mediaset complete peace agreement

Vivendi and Mediaset have closed the global agreement the pair put to paper in May, ending a five-year long period of hostilities that began when the French media giant unilaterally pulled out of a deal to acquire the Italian company’s pay TV arm. The agreement, encompassing multiple disputes between Vivendi on one side and Mediaset […]

Mediaset set for Netherlands move

Mediaset is set to receive backing from its shareholders over its plans to shift its legal base to the Netherlands. The Italian broadcaster has long held ambitions to launch a pan-European media operation dubbed MediaForEurope as a means of providing competition to European tech and streaming giants like Netflix, Google and Facebook. This plan had […]

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