Vivendi Aktie News

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.

Vivendi's Canal+ has submitted an offer to acquire South African pay TV company MultiChoice Group , the company said in a statement on Thursday.

French media company Vivendi said on Tuesday its management board proposed to its supervisory board, which gave its approval on the matter, a split up of its activities around four entities.

Vivendi (EPA: VIV) share price will be in the spotlight after its America's ADR jumped by almost 10% on Wednesday. Its Euronext shares jumped to €8.95 and is hovering near its highest point since May.