|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||26.34 - 26.59|
|52 Week Range||23.27 - 29.97|
|Beta (3Y Monthly)||0.75|
|PE Ratio (TTM)||24.13|
|Forward Dividend & Yield||0.56 (1.93%)|
|1y Target Est||36.25|
Private equity investors, tired of the glacial pace and the vendor’s punchy 25 billion-euro ($28 billion) valuation, have backed out of the process, leaving Vivendi to target strategic buyers. Tencent Holdings Ltd. is a name that repeatedly surfaces as a prospective partner. It’s hard to determine the extent of the Chinese technology giant’s interest.
French media conglomerate Vivendi said its plans for a possible sale of a stake in its Universal Music Group (UMG) arm were proceeding in line with the company's planned timeline. Vivendi issued the update after the company's supervisory board met Vivendi's management chairman Arnaud de Puyfontaine to discuss various topics such as UMG and plans to develop and expand the Canal Plus TV arm overseas. "The Vendor Due Diligence was presented to the Supervisory Board, in line with the announced timeline," Vivendi said in a statement regarding UMG.
The French company has floated a partial sale or an initial public offering of Universal for years and said in July it would try to sell as much as 50% of the world’s largest record group. Vivendi has held talks with companies including Tencent Holdings Ltd. about a minority investment, which could help Universal Music expand internationally including in China, said two of the people. Some suitors have also been dismayed by the minimum value of 25 billion to 30 billion euros ($28 billion to $33 billion) that Vivendi is seeking for the business, the people said.
Telecom Italia (TIM) should seek a way to keep control of its fixed-line network if it is merged with smaller infrastructure provider Open Fiber, the former phone monopoly's chief executive said on Tuesday. Italy has been pushing for the creation of a single ultrafast broadband operator through a merger of TIM's network with Open Fiber to avoid duplicating investments. The future of TIM's network has been a bone of contention among the group's biggest investors.
Digital Media Scene Heating Up: SPOT, TME, AMZN, GOOGL(Continued from Prior Part)Vivendi looking to sell up to 50% of Universal Music GroupTencent Music (TME) may be thinking about purchasing a stake in UMG (Universal Music Group), the world’s
Vivendi has argued that its Universal Music Group unit is worth more than Spotify. A coming sale could answer that question
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.
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.
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 ...
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.