France’s Vivendi has finalised the sale of 7.66% of US media group NBC Universal to GE for US$2bn.
The media and telecoms group will sell its remaining 12.34% stake for US$3.8bn following the completion of the GE-Comcast transaction.
Earlier this month,…
France’s Vivendi has finalised the sale of 7.66% of US media group NBC Universal to GE for US$2bn.
The media and telecoms group will sell its remaining 12.34% stake for US$3.8bn following the completion of the GE-Comcast transaction.
Earlier this month, Vivendi CEO Jean-Bernard Levy said that taking full control of French mobile operator SFR had always been a strategic objective for his company, which also would have plenty of funds on hand once the sale of its stake in NBC Universal is completed.
For his part, Vodafone CEO Vittorio Colao said over the summer that his company did not with to manage minority investments.
Market specialists believe that Vivendi, which currently holds 56% of SFR, could buy Vodafone’s 44% in the mobile operator before the end of the year.
