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

Vivendi SA’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.

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