TF1 sells Canal Plus France stake to Vivendi for EUR 744 mln

Tuesday 24 November 2009 | 08:53 CET | News
French telecommunications and entertainment group Vivendi has signed a definitive agreement with broadcaster TF1 to buy its 9.9 percent stake in Canal Plus France for EUR 744 million. After the transaction is completed, expected by the end of the year, Vivendi's Canal Plus Group wholly-owned subsidiary will own 74.9 percent of Canal Plus France. The stake purchase was originally planned for the first quarter of 2010. TF1 has held a put option since January 2007 in the context of Vivendi/Canal Plus Group's acquisition of TPS. Vivendi said that it has made an identical offer to French

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Categories: Broadcast & Satellite
Companies: Canal Plus / M6 / TF1 / Vivendi
Countries: France
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