Vivendi Aktie News

On April 29, 2024, Vivendi SE (OTC ADR: VIVHY, $10.51; Market Capitalization: $10.8 billion) announced 1Q24 earnings and said it is on track to explore ways to split-off its business into four companies and list them on exchanges.

Canal+ owner Vivendi is still exploring a stock split, as it today posted first quarter revenues up significantly. France-based Vivendi posted Q1 revenues of €4.28B ($4.6B), up 5.4% on 2023's numbers when using constant currencies and and the businesses the firm owns today. No earnings were revealed in the unaudited numbers.

French media conglomerate Vivendi said on Monday that a feasibility study for the plan to split its business into four separate companies was progressing.

Telecom Italia (TIM) top investor Vivendi has decided to abstain from voting for any slate of candidates for the board renewal at the former phone monopoly, the French media group said in a statement on Monday.

French media group Vivendi's Canal+ on Monday made a firm offer to buy all the shares of South Africa's broadcaster MultiChoice it does not already own, the companies said.

The Stoxx 600 index will be in the spotlight this week as the European Central Bank (ECB) delivers its second interest rate decision of the year. The index, which tracks the biggest European companies, surged to a record high of €497, which was about 30% above its lowest point in December 2022.

A first hearing on the case filed by Telecom Italia's (TIM) top investor Vivendi against the sale of the former phone monopoly's fixed network to U.S. fund KKR has been scheduled for May 21, two legal sources told Reuters.

South Africa's MultiChoice Group on Monday said it will not continue talks with Vivendi's Canal Plus after the board concluded that its 105 rand ($5.55) apiece offer for the shares it does not already own undervalues the company.