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Canal+ boss to review Vivendi’s content businesses

By | Published on Tuesday 21 August 2012

Vivendi

Universal Music owner Vivendi has announced that the Chairman of its French TV business Canal+ will lead a strategic review of the firms media and content businesses, which includes a sizable stake in gaming giant Activision, as well as Universal and Canal+ itself.

There has been much speculation that Vivendi might sell off one or more of its assets, or split itself into two companies, separating the firm’s flagging tel co from its entertainment businesses.

And while few firm decisions have been made so far (except to sell some of the Activision shares), it is known that bosses at the French conglom have been considering a number of restructuring options, with former CEO Jean-Bernard Levy seemingly leaving the firm abruptly in June in a disagreement over which options to give serious consideration to.

Vivendi said in a statement yesterday that Bertrand Meheut had been asked to undertake “a strategic study regarding the development of media and content, a field in which Vivendi is today one of the worldwide leaders”.



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