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

  • Sag Awards Preview

    How to Watch SAG Awards 2018 Online

    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 […]

  • Women's March rallyWomen's March rally, New

    Celebrities Champion LA, NYC Women's Marches: 'March On, My Sisters!'

    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 […]

  • L.A. Women's March: Scarlett Johansson, Viola

    Viola Davis, Scarlett Johansson, Others Rally Thousands at Los Angeles Women's March

    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 […]

  • Thousands of people gather holding protest

    Marchers Reference 'Get Out,' 'Black Mirror' at New York City Women's March

    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 […]

  • Los Angeles Women's March

    How to Watch the Los Angeles Women’s March Online

    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 […]

  • Lori Mccreary and Gary Lucchesi PGA

    How Harvey Weinstein Drove the PGA to Combat Sexual Harassment on Set

    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 […]

  • Bob Bakish, President and CEO of

    Viacom CEO Bob Bakish Earned $20.3 Million in 2017

    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