PARIS--Vivendi SA (VIV.FR) confirmed Monday that board and top managers met over the weekend to discuss the company's "necessary evolution," but declined to say what, if any, decisions were made.

The discussions came as part of an annual meeting among top leaders of the media and telecoms company company, which is under pressure from shareholders to justify its collection of far-flung assets, amid a steep slide in its share price.

Reflecting the seriousness of the topics, the company decided to move the talks this year from its originally planned location on the French island of Corsica to Paris, according to a person familiar with the matter.

"The outcomes of this meeting are not to be released publicly. Vivendi will communicate on its plans and the necessary evolution of the group as and when appropriate," the company said in a statement.

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