Vivendi pays $1.4bn for Lagardère’s Canal+ stake

French media company Lagardère Group has sold its 20% stake in Canal+ to Vivendi for €1 billion (US$1.4 billion) in cash. Lagardère and Vivendi said in a joint statement that the agreement “puts an end to all disputes between the two groups.” They added that the Lagardère and Canal+ Groups will continue to cooperate on […]

Lagardère in ‘ongoing’ talks with Vivendi over Canal+

French media company Lagardère has said that it is in “ongoing discussions with Vivendi” to reach an agreement on pay TV platform Canal+. The one line statement follows French press reports at the end of last week claiming that Vivendi had reached an agreement to buy out Lagardère’s 20% stake in the pay TV operator. […]

Vivendi teams with EchoStar for Brazilian pay TV plan

Vivendi’s Brazilian telecom subsidiary GVT has formed a partnership with EchoStar Technologies to create a pay TV joint venture in Brazil. The pair plan to create an entity that could be a major player in the competitive Brazilian pay TV market ahead of the World Cup in 2014 and the Olympic Games two years later. […]

Canal+ owner Vivendi may split business

French media and telecoms giant Vivendi is launching a study into whether to split the business in two – separating off telecoms group SFR from a new international media group. Vivendi, owner of French pay TV platform Canal+, said that the demerger “would create significant value to shareholders” as they would be able to invest […]

Numericable ‘set to go public’

French cable operator Numericable has hired Rothschild to advise it on a public flotation, according to French press reports. Financial daily Les Echos reported that the cable operator plans to launch its IPO this year, citing four sources close to the matter. According to the paper, the decision to float the company follows the failure […]

Lagardere boss moots Canal Plus acquisition

Lagardère boss Arnaud Lagardère has said he could be prepared to buy the 80% of Canal Plus in France held by Vivendi if the latter “lacks optimism about the future” of the pay TV group. In an interview with Le Monde ahead of his company’s annual general meeting today, Lagardère said he was ready to […]

New SVOD kids platform preps for launch

Upcoming North American SVOD service Kidoodle.TV has acquired 800 hours of content from kids content distributor DHX Media. The platform is set to launch in the summer and aims to offer a slate of entertainment and educational series to children via a subscription. To this end, it has bought DHX-sold shows including Inspector Gadget, Rastamouse, […]

Watchever snaps up CBS content

German OTT service Watchever has inked a programming deal with CBS Studios International. The Vivendi-backed on-demand service will get a raft of series from the CBS US network and its cable stablemate Showtime. Titles include 90210, Nurse Jackie, Numb3rs and Californication as well as older shows including Twin Peaks. France-based entertainment conglomerate Vivendi launched Watchever […]

Numericable readies move for SFR

French cable operator Numericable is preparing to make an offer to acquire local telco SFR, according to reports. BFM Business, citing sources close to Numericable, reported that the cable operator’s owners Carlyle, Cinven and Patrick Drahi are preparing to make an all-cash offer for the larger telecom operator, with a plan to merge the two […]

Vivendi and Lagardère square up in €1.6b legal battle

Lagardère and Vivendi are engaged in a bitter legal dispute over claims that the latter is deliberately attempting to diminish the value of Canal+ France in order to force Lagardère to abandon plans to float its 20% in the pay TV operator. Lagardère has filed a suit with the Paris Tribunal de Commerce in an […]