Cge's Big Media Ambitions

Don't count France out in the battle for global media, communications, and Internet customers. On Mar. 9, France's $27 billion water utility Compagnie Generale des Eaux bid to acquire French media giant Havas for $6.5 billion. The move gives CGE a 34% stake in European pay-TV leader Canal Plus and a huge print-media empire at Havas.

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