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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 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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