Canal+ Could Back Out of Orange Cinema Series Stake, Figaro Says

Vivendi SA (VIV)’s Canal Plus pay- television unit is reserving the right not to go ahead with a planned purchase of a 34 percent stake in France Telecom SA’s Orange Cinema Series channels, Le Figaro reported.

Canal Plus has a clause allowing it to pull out if conditions imposed by French or European regulators are deemed too onerous, the newspaper said, without citing anyone.

To contact the reporter on this story: David Whitehouse in Paris at dwhitehouse1@bloomberg.net

To contact the editor responsible for this story: David Whitehouse at dwhitehouse1@bloomberg.net

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