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Vivendi, Liberty Media agree USD 775 mln settlement

2016-02-26 15:27:00| Telecompaper Headlines

(Telecompaper) Vivendi announced that it has agreed to settle a lawsuit filed by Liberty Media in March 2003 related to the formation of Vivendi Universal Entertainment in May 2002. Vivendi has agreed to pay Liberty Media USD 775 million to settle, although it rejects having committed any wrongdoing. Vivendi said it was pleased to resolve the long-running dispute on terms it sees as being in the interest of the company and its shareholders.

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