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Latest Satellite News Discussion, New Vivendi/Canal+ Group acquire remaining 9.9% from TF1 at General Satellite News forum; Vivendi/Canal+ Group acquire remaining 9.9% from TF1 November 23, 2009 Vivendi/Canal+ Group have announced that they will acquire the remaining ...

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New Vivendi/Canal+ Group acquire remaining 9.9% from TF1
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New Vivendi/Canal+ Group acquire remaining 9.9% from TF1 - 23-November-2009, 23:04

Vivendi/Canal+ Group acquire remaining 9.9% from TF1

November 23, 2009

Vivendi/Canal+ Group have announced that they will acquire the remaining 9.9% that TF1 still holds in Canal+ France. The transaction, worth 744 million, will be closed before the end of this year.

On December 31, the Group Canal+, fully owned by Vivendi, will have increased its share in Canal+ France from 65% to 75%. The shares were held by TF1 following the acquisition of the TPS platform by the Canal+ Group.

The Canal+ Group is also looking to acquire the 5.1% that broadcaster M6 owns in Canal+ France, also as a result of the TPS transaction in January, 2007.



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