Posted by: euromediablog | November 25, 2009

Vivendi’s Reinvestment Plan

French entertainment giant Vivendi was one of the most active players on the global media market recently. After it took control  of GVT , the Brazilian broadband operator, earlier this month, Vivendi has just increased its share in Canal+ from 65 to 75 per cent, paying TF1 (Bouygues) €744m for its 9,9% stake. Further 20 % might be acquired from Lagardère, France’s largest publishing group, next year as it recently admitted the possibility of selling its stake as well.

On the other hand, Vivendi is planning to sell its 20 % from NBC Universal to General Electric and thus put an end to its Nord American venture, which turned out to be an investment flop.

For further information: Financial Times

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