Vivendi Is Proposing to Break Up Bolloré’s Media Empire Into Four
- Vivendi has complained about its stock trading at a discount
- Canal+ is largest unit, accounting for more than half of sales
Vivendi headquarters in Paris.
Photographer: Lionel Bonaventure/AFP/Getty ImagesThis article is for subscribers only.
French billionaire Vincent Bolloré’s Vivendi SE is now formally proposing to break up the sprawling media and entertainment empire into four separately traded companies.
Under a plan cleared by the company’s board on Tuesday, Vivendi would be split into film and TV studio Canal+, communications firm Havas, an investment business and an entity holding the company’s majority stake in Lagardere — the publishing group that also has travel retail operations — as well as Prisma Media, according to a statement issued Tuesday.