Vivendi has announced the appointment of Jean-Louis Erneux as VP, press relations and new media, reporting to Simon Gillham, senior executive VP, communications and sustainable development.
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.