Vivendi : Acquisition of 10.6% of Lagardère, with what objectives in mind?
>Vivendi acquires 10.6% of Lagardère for € 210m - Vivendi announced yesterday the acquisition of 10.6% of Lagardère’s capital. This acquisition comes as a surprise when the press had evoked an equivalent investment but via Financière de l'Odet (shareholder of Bolloré with a 64% stake). We estimate a cash outflow of around € 210m, i.e. 0.8% of Vivendi's capitalisation. The press release states that this investment is financial and long term, which is an important clari...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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