Vivendi Signed a Put Option Agreement for Prisma Media
December 23 2020 - 1:10PM
Dow Jones News
Regulatory News:
Vivendi (Paris:VIV) announced today that it signed a put option
agreement for 100% of Prisma Media, following the conclusion of the
exclusive negotiations with Gruner+Jahr/Bertelsmann and the
favorable opinion of the Vivendi employee representative
bodies.
According with applicable regulation, the contemplated
acquisition remains subject to the information and consultation
with the Prisma Media representative bodies, and to the
finalization of the legal documentation.
About Vivendi
Since 2014, Vivendi has been focused on building a world-class
content, media and communications group with European roots. In
content creation, Vivendi owns powerful, complementary assets in
music (Universal Music Group), movies and series (Canal+ Group),
publishing (Editis) and mobile games (Gameloft) which are the most
popular forms of entertainment content in the world today. In the
distribution market, Vivendi has acquired the Dailymotion platform
and repositioned it to create a new digital showcase for its
content. The Group has also joined forces with several telecom
operators and platforms to maximize the reach of its distribution
networks. In communications, through Havas. the Group possesses
unique creative expertise in promoting free content and producing
short formats, which are increasingly viewed on mobile devices. In
addition, through Vivendi Village, the Group explores new forms of
business in live entertainment, franchises and ticketing that are
complementary to its core activities. Vivendi's various businesses
cohesively work together as an integrated industrial group to
create greater value. www.vivendi.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20201223005452/en/
CONTACT:
Vivendi
SOURCE: Vivendi
Copyright Business Wire 2020
(END) Dow Jones Newswires
December 23, 2020 12:55 ET (17:55 GMT)
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