Vivendi/Canal+ has bought broadcaster TF1's 9.9 per cent stake in Canal Plus France for E744 million. After the deal – originally planned for the first quarter of 2010 – is completed, Vivendi’s Canal Plus Group will own 74.9 percent of Canal Plus France.

TF1 has held a put option since January 2007 following Vivendi/Canal Plus Group’s acquisition of TPS. Vivendi also revealed that it has made an identical offer to French broadcaster M6 for its 5.1 per cent stake in Canal Plus France. The remaining 20 per cent of Canal Plus France is held by French media group Lagardère, which is likely to sell its stake to Vivendi in 2010 or 2011.

Other posts by :

1. SpaceX fearful of AST SpaceMobile’s potential?
2. Equatys wants 2,800 new satellites
3. FCC eyes freeing up Weird Space Stuff spectrum
4. SES happy with releasing 160MHz of spectrum for 5G
5. Inmarsat “likely to win appeal” over Ligado/AST action
6. FCC seeks fair play over foreign satellite access
7. Bank raises RocketLab target price
8. Paramount throws kitchen sink
9. Ukraine wants its own LEO system

Categories: Articles, Business, M&A