|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||25.62 - 25.94|
|52 Week Range||20.40 - 26.69|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||258.90|
|Earnings Date||Feb 13, 2019 - Feb 18, 2019|
|Forward Dividend & Yield||0.50 (1.94%)|
|1y Target Est||24.84|
Italy's Mediaset will make a decision on a possible pan-European free-to-air television alliance by the time of a July 25 board meeting, its chief executive said on Thursday. The board meeting had already been scheduled to review the broadcaster's decision not to pay a dividend for 2018. The broadcaster, owned by former Prime Minister Silvio Berlusconi's holding company Fininvest, has in recent months repeatedly raised the idea of creating a pan-European TV player to fend off competition from established rivals and new entrants.
Today we will run through one way of estimating the intrinsic value of Vivendi SA (EPA:VIV) by taking the expected future cash flows and discounting them to today's value. I will be using the Discounted Cash Flow (DCF) model...
French media conglomerate Vivendi said it could mount a legal challenge to decisions adopted at Mediaset's annual general meeting (AGM), after Mediaset refused to allow Vivendi a vote at the Italian company's shareholder meeting. According to Mediaset's website, Vivendi owns 28.8 percent of Mediaset's shares.
Italian broadcaster Mediaset said its board rejected requests from Vivendi and Simon Fiduciaria to vote at its shareholder meeting on Thursday. The group said Vivendi and its trust were not entitled to exercise administrative rights, including voting rights. Mediaset will not allow Simon Fiduciaria to take part in the meeting, while it does not object to Vivendi participating.
Mediaset is in contact with various players over a cross-border tie-up but has no intention of including its shareholder Vivendi in any potential deal, the head of the holding controlling the Italian private broadcaster said. Mediaset has been embroiled in a legal battle with Vivendi since 2016 when the French media conglomerate, controlled by billionaire Vincent Bollore, pulled out of a deal to buy Mediaset's pay-TV unit. Most recently, speculation has intensified that Mediaset and German rival ProSiebenSat.1 Media could strike a deal, but the two companies denied press reports they were in merger talks over the weekend.
If you had invested $1 in Vivendi when he assumed the chairmanship in 2014, you’d have the equivalent of $1.83 in your pocket today. Without the impact of these, Vivendi’s outperformance would have been significantly more modest. Only 67 percent of shareholders present voted to carry the measure to allow Vivendi to buy back one in four shares.
Shareholders in Vivendi on Monday voted overwhelmingly to approve a massive share buyback that would give its largest shareholder Vincent Bolloré’s family holding company a greater grip on the global media conglomerate. At Vivendi’s annual general meeting in Paris, a resolution to reduce Vivendi’s share capital by 25 per cent through a possible buyback was passed with 67.71 per cent of the vote. Shareholders ignored corporate governance specialists who had urged investors not to vote in favour of the resolution, which they said represented creeping control of the company by the billionaire industrialist without paying a takeover premium.
PARIS (Reuters) - Shareholders at Vivendi's annual general meeting on Monday backed plans by the French media conglomerate for a possible share buyback that could give billionaire Vincent Bollore's holding ...
France's Vivendi said on Monday it was forging ahead with the planned sale of up to 50 percent of its Universal Music Group (UMG), as the iconic division boosted the media conglomerate's quarterly revenue. Vivendi plans to sell the UMG stake, which some analysts have valued at 40 billion euros (£35 billion), to maximise the music arm's value and help fund purchases of other businesses. The growing public demand for subscription and ad-based music streaming services, and the recent signing of several major licence deals, have put the owners of music rights such as UMG in the spotlight of investors as they compete with streaming platforms such as Spotify.
A corporate governance specialist and a prominent activist investor have urged shareholders to vote against a resolution authorising a 25 per cent reduction in the company’s share capital, a proposal that Vivendi unveiled in February alongside its full-year results. The Bolloré Group, the industrialist’s family holding company, already holds 28.51 per cent of the voting rights in Vivendi, whose assets include Universal Music Group, advertising company Havas, and video games publisher Gameloft. “The problem is that it’s a way for Bolloré Group to control the company without launching a full takeover.
MILAN (Reuters) - Italian phone group Telecom Italia (TIM) has asked watchdog AGCOM to postpone its review of a plan to spin off its fixed-line network because the scheme will be modified, a source close ...
Mediobanca has acquired a 66 per cent stake in the French corporate finance boutique led by former Vivendi boss Jean Marie Messier, the latest step by chief executive Alberto Nagel to expand the reach of Italy’s top investment bank. The all-share deal to acquire Messier Maris & Associes is a bold step by the Milan-based bank. The agreement increases Mediobanca’s corporate and investment banking fee pool by about 30 per cent, Mediobanca said in a statement.
The company plans to ask shareholders at their annual meeting to approve a plan to buy back and cancel as much as 25 percent of its stock. If Bollore doesn’t tender his shares, his family’s stake in the owner of Universal Music Group, advertising company Havas and pay-TV operator Canal+ could rise automatically from 26.3 percent to more than 30 percent. Bollore’s family and business associates hold the chairmanship and the balance of power on Vivendi’s board.
Italian state lender Cassa Depositi e Prestiti (CDP), which recently became Telecom Italia's (TIM) second-largest shareholder, is not seeking representation on the phone company's board for now, three sources said on Monday. Speculation that CDP could ask for board inclusion grew after it raised its stake to 9.9 percent and emerged as a power broker between TIM's two warring shareholders, French media giant Vivendi and U.S. activist fund Elliott.
Vivendi SA, the French media conglomerate he controls, on Friday backed down in its battle with Elliott Management Corp. to control Telecom Italia SpA. Vivendi, which has five of the 15 board seats, had called a shareholder vote to replace half of the remainder, all of whom are aligned with Elliott. Had he lost the vote, it would have served to renew the mandate of the Elliott-nominated director slate, who ousted counterparts backed by Vivendi in a shareholder vote last year.
Facing defeat in its attempt to change Telecom Italia's board, top shareholder Vivendi took a first step on Friday towards ending a bitter dispute with a U.S. fund that has hobbled Italy's biggest phone group over the past year. Vivendi and activist fund Elliott have been trading blows over how to revive Telecom Italia (TIM), a telecoms heavyweight saddled with more than 25 billion euros ($28 billion) of debt. Vivendi had been seeking to replace TIM Chairman Fulvio Conti and four other Elliott-appointed directors at a shareholder meeting on Friday, citing "substantial lack of independence".
Vivendi gave its support to Elliott-backed Chief Executive Officer Luigi Gubitosi at Telecom Italia’s annual shareholder meeting near Milan on Friday and withdrew a proposal to replace five directors aligned with the hedge fund after it became clear Vivendi would lose the vote. The French media company, which holds almost a quarter of Telecom Italia’s shares, has been fighting to regain the upper hand after Elliott muscled it aside last May with a demand for a more radical restructuring of the company including a spinoff of its fixed-line network.
Telecom Italia's board was elected last year for a three-year mandate and will remain as is, CEO Luigi Gubitosi said on Friday when asked whether top shareholder Vivendi's request for a more balanced make-up would be accommodated. Vivendi, which owns 24 percent of Telecom Italia's shares, earlier on Friday dropped its request for a board reshuffle but added it hoped for a board that was "more reflective of the company shareholder base". Vivendi declined to comment on Gubitosi's remarks.
ROZZANO, Italy (Reuters) - Telecom Italia shareholders on Friday approved top investor Vivendi's offer to withdraw a request to replace some board directors at the Italian phone group. Vivendi held out ...
Italy is pushing to create a single ultrafast broadband operator by merging Telecom Italia's copper and fibre network with smaller rival Open Fibre to avoid duplicating investments and narrow the digital divide with Europe. Elliott wants TIM to spin off its network and merge it with Open Fibre. Vivendi is not opposed to a merger but insists on TIM keeping control of its biggest asset.
Italy is pushing to create a single ultrafast broadband operator by merging Telecom Italia's copper and fiber network with smaller rival Open Fiber to avoid duplicating investments and narrow the digital divide with Europe. Elliott wants TIM to spin off its network and merge it with Open Fiber. Vivendi is not opposed to a merger but insists on TIM keeping control of its biggest asset.