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Tag: vivendi
Vivendi working on 3bn Universal Music deal with Tencent
2019-08-06 02:00:00| Total Telecom industry news
Vivendi is in talks that could see Chinese conglomerate Tencent acquire a 10% stake in Universal Music Group for €3 billion. The French media and telecoms company said it is holding preliminary talks with Tencent about a strategic investment in Universal Music…read more on TotalTele.com »
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Last week in media: comScore under pressure, Vivendi calls off UMG stake sale
2019-07-01 07:00:00| Telecompaper Headlines
(Telecompaper) Weakness at some of the biggest media companies drove the Telecompaper Stock Index Global Consumer Media down in week 26. Alphabet was off 3.7 percent, Comcast was down 2.9% and Netflix and Walt Disney lost 0.5 and 0.4 percent. AT&T's 3.3 percent gain and Facebook's 1.0 percent couldn't prevent our index from ending the week down 0.8 percent. The S&P 500 index lost 0.3 percent. The best performing media stocks were Electronic Arts (+6.2%) and Bilibili (+5.4%).
Tags: media
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Last week in media: Mediaset and Vivendi move European consolidation forward and Naspers details spin-off
2019-06-03 07:01:00| Telecompaper Headlines
(Telecompaper) Consolidation drove the media sector, last week. Vivendi acquired the unlisted M7 Group, Mediaset bought into ProSieben and Axel Springer could be taken private. The South African Naspers Group detailed the planned spin-off of its consumer internet group, to be listed in Amsterdam from 17 July. The Telecompaper Stock Index Global Consumer Media ended the week down 2.3 percent, slightly better than the S&P 500's loss of 2.6 percent. We recorded the largest gain for Axel Springer (+20% for the week) and the biggest loss for comScore (-11%).
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Vivendi move to drop board reshuffle bid 'courageous' - TIM CEO
2019-04-01 09:28:00| Telecompaper Headlines
(Telecompaper) The chief executive of Telecom Italia (TIM) Luigi Gubitosi has described the decision of leading shareholder Vivendi to withdraw its proposal to replace five board members at the Italian operator as "courageous" and a first move towards peace. US fund Elliott seized control of the board of directors in May, when 10 of its proposed independent candidates were appointed, together with 5 Vivendi-nominated directors, in a 15-strong board. However, Vivendi subsequently called for the removal of TIM chairman Fulvio Conti and four other Elliott-appointed directors on grounds of a "substantial lack of independence" and for conspiring to replace TIM CEO Amos Genish, a former Vivendi executive, a motion it revoked just ahead of the 29 March shareholders meeting.
Vivendi withdraws bid to oust 5 directors from TIM's board
2019-04-01 02:00:00| Total Telecom industry news
Telecom Italia's biggest shareholder, Vivendi, has withdrawn its petition to remove 5 board members loyal to activist investor, Elliott Management Fund. TIM's boardroom is currently embroiled in the grips of a battle between its biggest shareholder Vivendi and activist investor fund Elliott Management. Elliott currently controls the fragile balance of power in the TIM boardroom…read more on TotalTele.com »
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bid
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vivendi
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