Beleaguered media giant Vivendi Universal can buckle down to the serious task of spinning off assets after confirming Wednesday that it had received a 1 billion franc ($988.7 million) cash injection.
French financial regulators are probing the past 17 months of Vivendi Universal's books, as the beleaguered media giant continues to negotiate with banks after securing a $993 million loan Tuesday…
Fallen Vivendi Universal topper Jean-Marie Messier may have exited the entertainment giant without the $18 million golden parachute he was seeking.
Vivendi Universal prexy and chief exec Jean-Marie Messier was officially ousted by the board of the media conglom Wednesday, and Jean-Rene Fourtou was handed the reins during a special meeting at…
Jean-Marie Messier bid Viv U employees adieu in an email Tuesday. In the missive, he also made a concerted plea for preserving a semblance of the trans-Atlantic conglom as it exits today.
What should have been an upbeat day on the stock markets ended up a washout for Vivendi Universal. Though Viv U shares rallied Monday in the wake of the announcement that Jean-Marie Messier was…
Vivendi Universal topper Jean-Marie Messier has met his Waterloo. Days after the embattled chief exec fought off a coup engineered by several Viv U board members and backed by major shareholder the…
What impact will Jean-Marie Messier's ouster have on Universal? Even top execs at the studio admit they are in the dark. The immediate news that Messier had resigned his post atop Vivendi Universal…
The decline and fall of Jean Marie Messier resonates on many levels, both economic and cultural. Messier liked to present himself as the most Americanized of any major Euro business leader, yet was…
Jean-Rene Fourtou, the 63-year-old tapped as interim successor to Vivendi Universal chairman Jean-Marie Messier, comes out of the same cookie-cutter business elite as his predecessor, but he's a…
Vivendi Universal said Friday that it plans to sell 6% of publicly traded construction subsid Vinci in a continuing effort to pare down debt.
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