You will be redirected back to your article in seconds

Canada OKs Vivendi-Seagram union

Competition Bureau won't challenge deal

The Canadian Competition Bureau has concluded its review of the proposed merger of Montreal-based Seagram and France’s Vivendi and Canal Plus without objections.

Seagram, parent to Universal Studios and Universal Music Group, announced Wednesday that the bureau had informed officials Tuesday it wouldn’t challenge the transaction. Canada’s Dept. of Canadian Heritage and Industry still must issue approvals.

U.S. hurdles already have been cleared, with the Securities and Exchange Commission having blessed the deal. Some European review is pending, with the European Commission recently asking Vivendi to resubmit its report on the proposed merger.

Vivendi, the Paris-based utilities-and-entertainment conglom, has proposed acquiring spirits-and-entertainment concern Seagram for $40 billion. In a related deal, Vivendi plans to acquire the balance of Euro pay TV giant Canal that it doesn’t already own.

Seagram chief Edgar Bronfman Jr. has said he expects all regulatory approvals to be received by the end of September.

More Biz

  • US Capitol

    Music Modernization Act Unanimously Passes House of Representatives

    The Canadian Competition Bureau has concluded its review of the proposed merger of Montreal-based Seagram and France’s Vivendi and Canal Plus without objections. Seagram, parent to Universal Studios and Universal Music Group, announced Wednesday that the bureau had informed officials Tuesday it wouldn’t challenge the transaction. Canada’s Dept. of Canadian Heritage and Industry still must […]

  • Directv Now

    AT&T Misses Q1 Targets, as DirecTV Now Streaming Service Hits 1.46 Million Subscribers

    The Canadian Competition Bureau has concluded its review of the proposed merger of Montreal-based Seagram and France’s Vivendi and Canal Plus without objections. Seagram, parent to Universal Studios and Universal Music Group, announced Wednesday that the bureau had informed officials Tuesday it wouldn’t challenge the transaction. Canada’s Dept. of Canadian Heritage and Industry still must […]

  • Russell Simmons

    Russell Simmons Rape Accuser Drops $5 Million Suit

    The Canadian Competition Bureau has concluded its review of the proposed merger of Montreal-based Seagram and France’s Vivendi and Canal Plus without objections. Seagram, parent to Universal Studios and Universal Music Group, announced Wednesday that the bureau had informed officials Tuesday it wouldn’t challenge the transaction. Canada’s Dept. of Canadian Heritage and Industry still must […]

  • Universal Music Group

    Empire Strikes Global Distribution-Services Deal With Universal Music Group

    The Canadian Competition Bureau has concluded its review of the proposed merger of Montreal-based Seagram and France’s Vivendi and Canal Plus without objections. Seagram, parent to Universal Studios and Universal Music Group, announced Wednesday that the bureau had informed officials Tuesday it wouldn’t challenge the transaction. Canada’s Dept. of Canadian Heritage and Industry still must […]

  • A Quiet Place BTS

    Viacom CEO Talks Paramount Turnaround, TV Production Growth But Stays Mum on CBS Talks

    The Canadian Competition Bureau has concluded its review of the proposed merger of Montreal-based Seagram and France’s Vivendi and Canal Plus without objections. Seagram, parent to Universal Studios and Universal Music Group, announced Wednesday that the bureau had informed officials Tuesday it wouldn’t challenge the transaction. Canada’s Dept. of Canadian Heritage and Industry still must […]

  • Branded Game Events, Escape Rooms Scale

    Immersive, Branded Game Content Scales Up With New Merger

    The Canadian Competition Bureau has concluded its review of the proposed merger of Montreal-based Seagram and France’s Vivendi and Canal Plus without objections. Seagram, parent to Universal Studios and Universal Music Group, announced Wednesday that the bureau had informed officials Tuesday it wouldn’t challenge the transaction. Canada’s Dept. of Canadian Heritage and Industry still must […]

  • Bill Cosby arrives for his sexual

    Jury Deliberates Bill Cosby's Sexual Assault Retrial

    The Canadian Competition Bureau has concluded its review of the proposed merger of Montreal-based Seagram and France’s Vivendi and Canal Plus without objections. Seagram, parent to Universal Studios and Universal Music Group, announced Wednesday that the bureau had informed officials Tuesday it wouldn’t challenge the transaction. Canada’s Dept. of Canadian Heritage and Industry still must […]

More From Our Brands

Access exclusive content