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. Ghana makes MultiChoice fee decision
2. SES announces €0.25c dividend
3. Russia “blinding and destroying” German satellites
4. Bank: AST, Starlink, Kuiper targeting $200bn market
5. Rivada: Is no news good news?
6. SES celebrates Intelsat acquisition
7. Pakistan halts broadband direct-from satellite
8. India stymies Starlink launch
9. Starlink, AST SpaceMobile race for cellular consumers

Categories: Articles, Business, M&A