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.
French publishing group Lagardere will retain its stock market listing after being taken over by media conglomerate Vivendi , Vivendi supervisory board Chairman Yannick Bollore told French daily Le Figaro.
Vivendi sees as "positive news" a preliminary deal for Italy to take a stake of up to 20% in Telecom Italia's landline grid as part of any binding offer by U.S. fund KKR , a source close to the French media group said on Friday.
Vivendi subsidiary Prisma Media has entered into a put option agreement with Groupe Figaro for the full sale of French gossip publication Gala magazine, the French media and communications giant announced on Thursday.
Vivendi shares VIV, -6.76% slumped 7% after filings released on Monday showing Vincent Bollore reducing his stake in the conglomerate. Bollore sold about 1.5 million shares.
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