Vivendi to Invest in PRISA
January 22 2021 - 3:49AM
Dow Jones News
Regulatory News:
Vivendi (Paris:VIV) announced today that it is making an
investment in PRISA for 7.6%. PRISA is the Spanish-speaking leader
in media and education, and owner of El Pais, Santillana, Cadena
SER, Radio Caracol, AS and Los 40 Principales.
Buying shares in PRISA is part of Vivendi's ongoing strategy to
become a global leader in content, media and communications, while
extending its access to the Spanish-speaking markets in Europe,
Latin America and US Hispanics.
Vivendi already has a strong presence in these markets,
particularly through Universal Music Group, Havas and Gameloft. The
Group possesses the Spanish television production company Bambu
Producciones and one of its largest video games production studios
is based in Barcelona. Vivendi manages ticketing services in Spain
and its intellectual property and licensing business is also active
in the Hispanic markets.
Vivendi's strategy has very clear synergies with the roadmap
drawn up by PRISA, involving the development of educational
subscription services as well as news and entertainment content,
and a robust commitment to the digitalization of its products and
brands.
Vivendi's investment supports PRISA in its future
developments.
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/20210122005109/en/
CONTACT:
Vivendi
SOURCE: Vivendi
Copyright Business Wire 2021
(END) Dow Jones Newswires
January 22, 2021 03:34 ET (08:34 GMT)
Vivendi (EU:VIV)
Historical Stock Chart
From Aug 2024 to Sep 2024
Vivendi (EU:VIV)
Historical Stock Chart
From Sep 2023 to Sep 2024