WAN-IFRA

Shaping the Future of the Newspaper

Date

Fri - 25.05.2012


Vivendi interested in discount at Lagardere Canal stake

Vivendi interested in discount at Lagardere Canal stake

Vivendi SA is seeking to purchase Lagardere SCA's 20-percent stake in pay-TV operator Canal Plus France, though at a discount, Chief Executive Officer Jean- Bernard Levy said in an interview with Le Figaro, Bloomberg reported.

The newspaper said Vivendi's objective is to fully own its French units "if at a reasonable price." However, "It's not a priority," according to Levy, "the company is also tempted to acquire Vodafone Group PLC's 44-percent holding in operator SFR," according to Le Figaro.

The Paris-based media conglomerate will get a first installment of $2 billion in September for its 20-percent stake sale of NBCU. According to Levy, the company hops to increase its presence in the southern hemisphere, Bloomberg reported.

"We're concerned that the big global investment funds aren't currently interested in a European technology, media and telecoms sector that's taking a pounding from regulators," Le Figaro cited Levy.

Author

Erina Lin

Date

2010-04-30 00:57

Shaping the Future of the Newspaper


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