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Name | Symbol | Market | Type |
---|---|---|---|
Vivendi SE (PK) | USOTC:VIVHY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.05 | -0.42% | 11.95 | 11.94 | 11.96 | 12.002 | 11.94 | 12.00 | 4,595 | 18:16:26 |
French industrial group Bollore (BOL.FR) Friday said it has finalized the sale of its free-to-air television channels Direct 8 and Direct Star to Canal Plus (AN.FR) as well as the channels' advertising units.
The agreement gives Canal Plus the option to either buy 60% of the channels with shares in Vivendi SA, which controls Canal Plus, and the remaining 40% with cash three years later, or to buy 100% in one go, in exchange for 22.4 million Vivendi shares, the two companies said in a joint statement.
The agreement still requires the approval of the French TV regulator and anti-trust authorities, the statement said.
The Bollore group, controlled by French businessman Vincent Bollore, seeks to exit from the television business.
-By Eric Chalmet, Dow Jones Newswires; +33 1 4017 1740; eric.chalmet@dowjones.com
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