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VIVHY Vivendi SE (PK)

11.96
-0.04 (-0.33%)
Last Updated: 19:43:48
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
  -0.04 -0.33% 11.96 11.95 11.97 12.002 11.94 12.00 5,237 19:43:48

Vivendi Confirms Interest In Polish Broadcaster TVN - Report

03/10/2011 8:29am

Dow Jones News


Vivendi (PK) (USOTC:VIVHY)
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French media conglomerate Vivendi SA (VIV.FR) is interested in buying Polish broadcaster TVN SA (TVN.WA), Vivendi's supervisory board chairman tells daily Rzeczpospolita Monday.

"It seems like everybody already knows we're taking part in this process," Jean-Rene Fourtou is quoted as saying. "We're thinking about creating a consortium, in which we would very much like to see a Polish partner or partners with a lot of experience in the Polish market and a good understanding of the Polish realities."

Polish entertainment group ITI Holdings SA said in July it was considering selling its entire 56% stake in TVN, worth about 2.76 billion zlotys ($834 million) at current market prices.

Three bidders remain in the process--Time Warner Inc. (TWX), Vivendi and RTL Group SA (RTL.BT)--Rzeczpospolita reports. ITI will pick the buyer in mid-October, after parliamentary elections set for Oct. 9, the daily says, citing a person familiar with the process.

Newspaper website: www.rp.pl

-Warsaw Bureau, Dow Jones Newswires; +48 22 447 2432

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