VIVHY Vivendi SE (PK)

11.97

-0.03 (-0.25%)

16 Jul 2024 - Closed

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
	-0.03	-0.25%	11.97	6.81	16.06	12.002	11.94	12.00	18,421	21:46:40

Vivendi To Launch Bid For TVN In 5-6 Years - Report

31/10/2011 9:25am

Dow Jones News

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French media conglomerate Vivendi SA (VIV.FR) will launch a public bid for Polish broadcaster TVN SA (TVN.WA) in five to six years after it gets control over the firm's majority owner, ITI Holdings, Polish daily Rzeczpospolita reports Monday citing people familiar with the matter.

TVN said Friday it was working with Vivendi on a strategic partnership, without disclosing any details. ITI, a Polish media group, had earlier said it was looking to sell its 56% stake in the business.

According to the report, Vivendi will first buy out minority shareholders at ITI and won't get control until 2016-2017 when TVN is expected to have paid back its debts. It will launch a bid for TVN afterwards, Rzeczpospolita says.

ITI decided to sell TVN after the death of its co-founder, Jan Wejchert in 2009.

Newspaper website: www.rp.pl

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