Hints and tips:
...See Tickets, which was part of Vivendi’s live entertainment arm Vivendi Village, would be the latest in a series of asset disposals by the French media giant....
...He is now set to expand in French book publishing with the pending acquisition of Editis, which Vivendi has to sell as a condition of its takeover of Lagardère....
...Vivendi stopped short of asking the judge to put the deal on hold while the case was decided, however....
...If Vivendi today were the Rolling Stones then Mick Jagger would have already left the band....
...It is valued at close to €47bn on the stock market, while the slimmed-down version of Vivendi is worth just over €9bn....
...Canal+ is “actively preparing” to list itself as part of a plan announced in December to split up parent company Vivendi into four entities....
...Vivendi declined to comment....
...Shares in Vivendi were down 0.4 per cent to €8.63....
...A separation could give the Vivendi empire more capacity to grow and do deals using their share capital....
...It is understandable that Vivendi, which has lost substantial money on paper on their investment, and many across Italy’s establishment dislike the solution....
...Its main competitors are the public broadcasters France Télévisions and Radio France, as well as Vivendi’s CNews....
...This Lex note has been amended to correct the size of Vivendi’s shareholding in TI and its voting rights....
...An organic turnround plan might well require an equity injection — forcing Vivendi either to stump up more cash or be diluted....
...KKR’s offer values the network at about €22.5bn, but Vivendi argues it is worth more than €30bn....
...Any deal would be subject to approval by the European Commission, Vivendi said....
...The younger Bolloré, who became chair of Vivendi’s supervisory board in 2018 and remains chief executive of Havas, now faces the challenge of turning Vivendi into a more cohesive group....
...Lagardère declined to comment, while Vivendi referred all comment to Lagardère....
...The most emblematic example of Bolloré’s rightwing media push came when Vivendi gutted the staff of 24-hour news channel i-Télé in 2016....
...Italian authorities, meanwhile, appear to be losing patience with Vivendi....
...Vivendi is in the process of acquiring Lagardère group, which will bolster its holdings in book publishing and travel retail....
...A relative late comer to media, Vincent Bolloré, who is the largest shareholder in Vivendi, has proven the most interventionist at his group’s television news channel, radio and newspaper, often replacing...
...De Puyfontaine said Vivendi would hire banks to find a buyer for the stake that would give Editis a strong shareholder to back its development....
...Vivendi has publicly acknowledged the need for remedies and is working on them....
...Vivendi already owns a smaller French book publisher called Editis so regulators are likely to require some divestments, said Arnaud de Puyfontaine, Vivendi chief executive, in an interview....
...Lions Gate and Vivendi declined to comment....
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