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General

Vivendi denies considering breakup

Thursday 26 April 2012 | 09:18 CET | News
Vivendi is in the early stages of an internal review that could result in Universal Music Group and Activision Blizzard being separated from the group's telecommunications and content distribution subsidiaries, people with knowledge of the matter told Bloomberg. Another possibility reportedly being considered is to spin off French pay-TV operator Canal Plus, which is 20 percent owned by Lagardere. Various scenarios will be discussed by Vivendi's board and top executives at a three-day summit in June, according to Bloomberg's sources. Vivendi chairman Jean-Rene Fourtou told shareholders last

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Categories: General
Companies: Canal Plus / SFR / Universal Music / Vivendi
Countries: France
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