Former Vivendi boss still has to wait for his money
Former Vivendi Universal boss Jean Marie Messier has not received his $24 million severance, as the SEC has asked for the funds to be frozen during an investigation.…
Jean-Marie Messier
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Vivendi shuts MP3.com
Vivendi Universal is closing the European arm of MP3.com on 8 August with around 20 redundancies, and its US arm is up for sale.…
Troubles and changes for Universal post-Diller
Liberty Media is suing Vivendi Universal, claiming it misled them over its finances, as Barry Diller has left and Vivendi weighs selling its USA Networks assets.…
Universal sell off assets to generate cash
Vivendi Universal is selling art, a Manhattan penthouse and corporate planes, as well as several businesses, to cut costs, with its US entertainment businesses under review.…
Universal under new US criminal investigation
The New York attorney's office has launched a criminal investigation into Vivendi Universal, parent of Universal Music, which says it will cooperate fully.…
Wall Street Journal blames Vivendi's problems on Messier's deal-making
A Wall Street Journal report accuses former Vivendi chief Jean-Marie Messier of uncontrolled deal-making and billions spent on share buybacks, and says further asset sales including music units are not ruled out.…
More trouble for Vivendi
France's stock market watchdog has opened an investigation into Vivendi Universal's accounts, as the group reportedly reaches a provisional loan deal with its banks.…
New CEO appointed at Vivendi
Jean-René Fourtou has been appointed chief executive of Vivendi Universal, promising a wide-ranging strategy review and a solution to its financial crisis.…
Vivendi boss gets multi-million pound pay off
Former Vivendi chief Jean-Marie Messier is expected to receive an £11.5 million pay-off, despite criticising such payments in his autobiography.…
Vivendi shares suspended
Vivendi shares were suspended on the French stock exchange after reports of accounting irregularities, with chief executive Jean-Marie Messier resigning.…