Vivendi has begun its withdrawal from NBC Universal, selling an initial tranche of its 20% holding to General Electric for $2 billion.
The French broadcaster M6 Group said it would sell its stake in pay-TV channel Canal+ France to Vivendi for €384.2 million. The transaction is expected to close on February 22.
Vivendi has agreed to place a value of $5.8 billion (€3.53 billion) on its holding in NBC Universal, according to sources widely quoted in the financial press, a move that gives the go-ahead for Comcast’s joint venture with General Electric.
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.
The protracted sales of process of the Spanish DTH platform Digital+ has taken a further twist, with the free-to-air channel Cuatro potentially a part of the package. The Berlusconi owned Mediaset has been named by the Italian press as a potential suitor with Telefonica on board as a local partner.
The Vivendi and Telefonica consortium has set a flexible bid for the possible purchase of Digital+. The final price will depend on the development of the platform’s financial results.