French media conglomerate Vivendi is going after DStv owner Multichoice through Canal+, offering a premium on its shares.
Media conglomerate Vivendi SE is preparing to consult with investors and employees on its plan to split into four listed units as it seeks better value from its assets, which span from pay-TV to ads, music and publishing.
Oddo analyst Jerome Bodin in December estimated that a split could translate into valuations of about €6.1 billion for Canal+ and about €3 billion for Havas. The investment structure holding the Lagardère stake could fetch a value of about €4.9 billion, he said at the time. The company published its fourth quarter results on Thursday, posting revenue of €3.39 billion for the period, including Lagardère revenue for December after the company was acquired and consolidated.
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