Vivendi, following the recent sale of 10 per cent of its 100 per cent share capital of Universal Music Group (UMG) for an enterprise value of €30 billion, has announced the acquisition of 10.6 per cent of the Lagardère share capital.

Vivendi says the acquisition is “a long-term financial investment reflecting its 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”.

Lagardère is the parent of Lagardère Studios, which comprises of 25 production companies. The compnay has been on the market for several months.

Other posts by :

1. Eutelsat shares rebound
2. Zombies; channels, ads, viewers
3. Analyst: How disruptive could Starlink be?
4. Bank: AST SpaceMobile has 2 year head start on Starlink
5. SpaceX wraps IPO; 8,000 launches by 2030
6. Markets braced for SpaceX IPO
7. Former SpaceX exec to build ‘space taxis’
8. Eutelsat shares crash despite good news
9. Analyst: Years of subs growth ahead for Starlink

Categories: Articles, Business, M&A, Production