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Vivendi to buy rest of Canal+ for EUR 1.02 bln
2013-10-29 08:38:00| Telecompaper Headlines
(Telecompaper) Vivendi said it has reached an agreement to buy Lagardere Group's 20 percent stake in Canal+ France for EUR 1.020 billion in cash, giving Vivendi 100 percent control of the company. The agreement follows mediation at the Paris commercial court and puts an end to their legal dispute over the French pay-TV joint venture. Lagardere and Canal+ will continue to work together on programme production and publishing and distribution of TV channels.
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Category:Telecommunications