Vivendi, which has now distributed 60% of the share capital of Universal Music and listed it on the Amsterdam stock exchange and has launched a takeover bid for Lagardère, is to refresh its management team as it refocuses its business on content, media and communications. Following a meeting this week of the company’s supervisory board […]
Vivendi has reported a solid start to 2022, driven by its pay TV and Havas business units. The French media giant reported total Q1 2022 revenues of €2.38 billion, up from €2.1 billion year-over-year. Its first-quarter sales grew by 7.9%, and up 13.4% YoY. Vivendi attributed this increase to revenues of €1.446 billion at Canal+ […]
Canal+ was a star performer in parent company Vivendi’s portfolio in the wake of its deconsolidation of Universal Music last year. Canal+’s total subscriber number, including both individual and wholesale subscribers, was 23.7 million at the end of year, up from 22.1 million a year earlier, while revenues rose by 5.2% to €5.77 billion, contributing […]
Vivendi is considering raising its offer for Lagardere, with a takeover looking increasingly likely. The French media company said that it is considering upping its offer from €24.10 per share to €25.50 per share. The deal for Lagarde would see Vivendi acquire magazine Paris Match, weekly newspaper Journal du Dimanche and radio station Europe 1. […]
French media giant Vivendi has acquired investment outfit Amber Capital’s stake in media company Lagardère and will launch a bid to take complete control of the company. Vivendi acquired 24,685,108 Lagardère shares from Amber Capital at a price of €24.10 per share, giving the media group a total of 63,693,239 Lagardère shares corresponding to 45.13% […]
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 […]
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’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 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 […]
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% […]
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