Report
Jerôme Bodin

Vivendi : Accord Tencent/UMG, point sur le processus d’autorisation américain, un risque ?

>Accord Tencent/UMG, point sur le processus d’autorisation américain - Nous revenons aujourd’hui sur l’acquisition de 10 à 20% du capital d’UMG par Tencent et son approbation par les autorités américaines. Nous faisons tout particulièrement un point sur le rôle de l’organe fédéral chargé d’approuver les investissements étrangers (fusions et acquisitions) aux Etats-Unis, le CFIUS (Committee on Foreign Investment in the United States). Nous estimons qu’un blocage de l’o...
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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