Vivendi : An autumn clear-out?
>A possible ultimate refocusing on 3 activities? - We are wondering if Vivendi has begun to review its asset portfolio, which quite rapidly could lead it to focus on 3 pillars: Canal+, Havas and Lagardère. The group’s scope would then be far easier to read, which would result in an automatic decline in the holding company discount. Indeed, on 26 September the press mentioned a possible divestment of the ticketing and shows/festivals activities. Bear in mind that dives...Vivendi is an audiovisual group active in the entertainment industry with activities in music, TV, cinema, mobile, fixed and internet, and games. Co.'s operations are divided into five businesses: Canal+ Group which produces and distributes pay-TV in France, analog or digital, and is involved in film making; Universal Music Group which sells recorded music (physical and digital media); GVT which serves as a telecommunication operator for fixed ultra high-speed broadband, fixed-line telecommunications and Pay-TV in Brazil; SFR which is engaged in mobile phone services in France, as well as fixed and ADSL services; and Other Activities which involves ticketing, Wengo and Watchever.
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