Vivendi : Global agreement with Mediaset: stake set to be gradually divested
>Positive agreement for both groups - Vivendi and Mediaset yesterday announced a global agreement to draw a line under their various disputes. To this end, Vivendi is to divest 24.2% of Mediaset (with 5% to Fininvest immediately and 19.19% over five years in the market) and will hold onto only 4.61% of the capital. These two deals could bring in € 741m, plus the exceptional dividend which Mediaset will pay (€ 98m for Vivendi). Vivendi will also support the resolutions...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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