Vivendi


Mediaset creates new holding company, merges Spanish, Italian operations

Mediaset is merging its Spanish and Italian business into a holding company based in Amsterdam. The creation of MediaForEurope (MFE) is the confirmation of the company’s intention to create a pan-European television hub. This is a move that had been widely-speculated since Mediaset recently acquired a 9.6% stake in ProSiebenSat1. While the company will be […]

Vivendi issues €2.1 billion bond as M7 acquisition approaches

Vivendi has successfully placed a €2.1 billion bond ahead of the acquisition of M7 by Canal+, the French operator it owns. The bond is comprised of three tranches with maturities of three, six and nine and a half years. The company also confirmed that the issue was oversubscribed more than 2.5 times. Vivendi’s Canal+ initially […]

Canal+ acquires M7 Group in €1bn deal

Vivendi-owned Canal+ has agreed to acquire international pay TV operator M7 group from private-equity investor Astorg Partners for just over €1 billion in a move that marks a significant ramping up of the pay TV outfit’s efforts in the international market. Canal+ and M7 Group have complementary European footprints. M7, which turns in revenues of […]

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 […]

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