Vivendi/Canal+ Group acquire remaining 9.9% from TF1

Vivendi/Canal+ Group have announced that they will acquire the remaining 9.9% that TF1 still holds in Canal+ France. The transaction, worth €744 million, will be closed before the end of this year.

On December 31, the Group Canal+, fully owned by Vivendi, will have increased its share in Canal+ France from 65% to 75%. The shares were held by TF1 following the acquisition of the TPS platform by the Canal+ Group.

The Canal+ Group is also looking to acquire the 5.1% that broadcaster M6 owns in Canal+ France, also as a result of the TPS transaction in January, 2007.

 

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Arnhem-based Robert covers the Benelux, France, Germany, Austria and Switzerland as well as IPTV, web TV, connected TV and OTT. Email Robert at rbriel@broadbandtvnews.com.
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