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VIVHY Vivendi SE (PK)

11.95
-0.05 (-0.42%)
Last Updated: 18:16:26
Delayed by 15 minutes
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

Polish TVN, Vivendi Agree To Pay-TV Joint Venture

19/12/2011 10:31am

Dow Jones News


Vivendi (PK) (USOTC:VIVHY)
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French entertainment company Vivendi SA (VIV.FR) and Polish broadcaster TVN SA (TVN.WA) have reached an agreement on creating a joint venture of their pay-TV operations in the central European country, TVN said in a statement Monday.

The joint venture, called "n/C+", will be made up of TVN's subsidiary Platforma "n" and Vivendi's Canal Plus Cyfrowy Sp Zoo. The new company's majority shareholder will be Vivendi's pay-TV subsidiary Canal Plus, with a 51% stake, followed by TVN with a 32% stake and UPC with a 17% stake.

-By Marynia Kruk, Dow Jones Newswires; +48 22 447-2431; marynia.kruk@dowjones.com

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