Vivendi : Is joint control of UMG possible?
>Sale “of up to 50% of UMG†- We take another look this morning at the scenario of a possible divestment of part of UMG’s capital. Bear in mind that at the interim results presentation, the group indicated that it had “decided to sell up to 50% of its capital to one or several strategic partnersâ€. We note that several observers believe the most plausible scenario to be that of Vivendi divesting up to 49% of the capital to several new shareholders, with the group there...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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