Vivendi condemns exclusion from Mediaset shareholder meeting

Vivendi has condemned a decision by Mediaset to refuse to allow it to vote at the company’s annual shareholder meeting. Mediaset refused to allow Vivendi and Simon Fiduciaria, the company in which it placed all but 9.61% of its shares in the Italian media group to comply with rules preventing it from simultaneously holding shares […]

Bolloré replaces Bolloré on Vivendi board

Vivendi’s annual shareholders’ meeting has appointed Cyrille Bolloré as a member of its supervisory board for a four-year term and has renewed the appointment of Dominique Delport for the same period. Cyrille Bolloré replaces his father Vincent, who has now stepped down. Bolloré senior had already stepped down as company chairman last year, to be […]

Canal+ revenues slide despite international growth

Canal+ Group saw its revenues slide from €1.298 billion to €1.252 billion year-on-year in the first quarter, driven down by the continued loss of subscribers to its domestic French pay TV operation. Owner Vivendi said that Canal+ overall grew its subscriber base by 700,000 during the last 12 months, thanks to its success in attracting […]

Vivendi abandons move to replace Telecom Italia board

Vivendi has abandoned attempts to replace Telecom Italia (TIM) board members nominated by arch-foe Elliott Advisors and has said it is “prepared to give credit” to CEO Luigi Gubitosi’s request for it to withdraw its motion. Vivendi did not provide details about what Gubitosi had promised. The meeting of TIM shareholders requested by Vivendi as […]

Vivendi and Telecom Italia trade blows as shareholder meeting approaches

Vivendi and Telecom Italia (TIM) have again traded blows in the run-up to the March 29 shareholders meeting called by the French media group – TIM’s largest shareholder – in an attempt to wrest control of the company from a board dominated by members nominated by hedge fund Elliott Advisors. Vivendi has called on the […]

Elliott and Vivendi trade insults as Telecom Italia battle rages on

Media giant Vivendi and activist investor Elliott Management are continuing to engage in an increasingly aggressive war or words as the pair battle for the future of Telecom Italia (TIM), in which Vivendi remains the largest single shareholder. Responding to an appeal by Elliott to shareholders to reject Vivendi’s move to wrest control of the […]

Canal+ launches new streaming service Canal+ Séries

Canal+ has launched its new streaming service. Canal+ Séries will be available for €6.99 a month and will offer a mix of original series and international acquisitions. The service will be available without an ongoing contract. Subscribers will be able to access up to four streams simultaneously and pricing will be designed to enable shared […]

Vivendi: Telecom Italia auditors’ report justifies claims

Vivendi has claimed that a statutory auditors’ report on Telecom Italia (TIM), released at the end of last week, confirms that the Italian telco’s chairman violated corporate laws and fundamental governance principles. Vivendi said that the report confirmed the existence of serious irregularities related to governance of the company and to its board, dominated by […]

Vivendi completes Ubisoft exit

Vivendi has sold the last tranche of its shares in gaming outfit Ubisoft. The media giant sold its remaining 5.87% of the company for €429 million, representing a capital gain on the investment of €220 million. The sale means that Vivendi is no longer a Ubisoft shareholder and maintains its commitment to refrain from purchasing […]

Vivendi outlines plans to ‘restore value for Telecom Italia’

Vivendi has published a paper outlining its proposals to “restore value for Telecom Italia,” which include replacing five of the company’s 10 board directors. Vivendi said it believes Telecom Italia shareholders should vote for the revocation of five Elliott-nominated board members and the appointment of five new independent directors at Telecom Italia’s shareholders meeting on […]

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