Vivendi Still Open To Buys; Priority On Internal Growth
April 21 2011 - 6:40AM
Dow Jones News
French entertainment-to-telecoms giant Vivendi SA (VIV.FR)
remains open to acquisition opportunities in high-growth markets,
but its priority is to develop new products and services within the
group, Chief Executive Jean-Bernard Levy said at the group's annual
general meeting Thursday.
Vivendi will focus on innovation within its different units,
which include French telecoms group SFR, pay-TV Canal Plus and
Universal Music Group, among others. The company is also seeking to
develop new economic models to improve its growth potential and
profitability, Levy said.
"We are well placed to accelerate growth," Levy told
shareholders at the meeting in Paris.
-By Ruth Bender, Dow Jones Newswires; +33 1 4017 1740;
ruth.bender@dowjones.com