Report
Jerôme Bodin

Vivendi : Update on the possible acquisition of a stake in Starz, what risks and synergies?

>Outperform opinion reiterated on the basis of a still highly discounted valuation and the return of share buybacks - This is an update on the potential acquisition by Vivendi of a stake in the US pay-TV group Starz or even in its parent company Lions Gate. The press has been talking about this possibility for several months and a possible offer during the summer. An announcement (or a denial) could therefore be published in the autumn. The articles have mentioned a m...
Underlying
Vivendi SE

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jerôme Bodin

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