Vivendi Has Acquired 10.6% of Lagardère
April 21 2020 - 1:00PM
Dow Jones News
Regulatory News:
Vivendi (Paris:VIV), following the recent sale of 10% of its
100% share capital of Universal Music Group (UMG) for an enterprise
value of EUR30 billion, today announced the acquisition of 10.6% of
the Lagardère share capital.
This acquisition is a long-term financial investment reflecting
Vivendi's confidence in the future prospects of the French group
which enjoys international leadership positions in its businesses
and which, like many others, is experiencing difficult times at the
moment.
Important Disclaimers
This press release contains information that may have
characterized, before becoming public, inside information as
defined by Article 7, par. 1, of the European Regulation 596/2014
regarding the acquisition of Lagardère shares.
Furthermore, each of Vivendi's businesses is closely monitoring
the current and potential effects of the COVID-19 pandemic
outbreak. At this point, it is impossible to determine with
certainty how long it will last and how it will impact Vivendi's
revenues and annual results. However, the revenues of certain
businesses, notably Havas Group, Editis and Vivendi Village, are
expected to be affected in the second quarter of 2020.
Unsponsored ADRs. Vivendi does not sponsor any American
Depositary Receipt (ADR) facility in respect of its shares. Any ADR
facility currently in existence is "unsponsored" and has no ties
whatsoever to Vivendi. Vivendi disclaims any liability in respect
of any such facility.
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 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/20200421005708/en/
CONTACT:
Vivendi
SOURCE: Vivendi
Copyright Business Wire 2020
(END) Dow Jones Newswires
April 21, 2020 12:45 ET (16:45 GMT)
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