Vivendi, AOL seek deal

Venture could include AOL Europe stake

PARIS — Jean-Marie Messier, CEO of French utilities giant Vivendi, predicted Thursday that negotiations with AOL will result in a deal before mid-year.

Vivendi, which owns 49% of French pay TV group Canal Plus, is already a 55% shareholder in AOL France, but has expressed a desire to strike a partnership with a bigger access provider.

AOL, meanwhile, is interested in Vivendi and Vodafone’s 50-50 joint venture MAP, named for a multiple access portal providing access to the Internet via mobile phones.

At a press lunch Thursday in Paris, Messier predicted that MAP, to be based in London, will go public within two years.

Messier said that the current negotiations with AOL could result either in Vivendi taking a stake in AOL Europe, or, as AOL would prefer, in a deal involving MAP.

More Biz

  • Matt Sawin Capitol Music Group

    Caroline Names Matt Sawin Executive VP

    PARIS — Jean-Marie Messier, CEO of French utilities giant Vivendi, predicted Thursday that negotiations with AOL will result in a deal before mid-year. Vivendi, which owns 49% of French pay TV group Canal Plus, is already a 55% shareholder in AOL France, but has expressed a desire to strike a partnership with a bigger access […]

  • Universal Music Group

    Universal Music Launches Nigerian Division

    PARIS — Jean-Marie Messier, CEO of French utilities giant Vivendi, predicted Thursday that negotiations with AOL will result in a deal before mid-year. Vivendi, which owns 49% of French pay TV group Canal Plus, is already a 55% shareholder in AOL France, but has expressed a desire to strike a partnership with a bigger access […]

  • Bruno Mars Grammys

    Recording Academy Announces Date, Deadlines for 2019 Grammy Awards

    PARIS — Jean-Marie Messier, CEO of French utilities giant Vivendi, predicted Thursday that negotiations with AOL will result in a deal before mid-year. Vivendi, which owns 49% of French pay TV group Canal Plus, is already a 55% shareholder in AOL France, but has expressed a desire to strike a partnership with a bigger access […]

  • The Matcha Bros

    Ansel Elgort, Diplo, Billie Eilish and Von Miller Invest in MatchaBar Energy Drink

    PARIS — Jean-Marie Messier, CEO of French utilities giant Vivendi, predicted Thursday that negotiations with AOL will result in a deal before mid-year. Vivendi, which owns 49% of French pay TV group Canal Plus, is already a 55% shareholder in AOL France, but has expressed a desire to strike a partnership with a bigger access […]

  • Ron Burkle

    Ron Burkle Sues Lantern Capital Over Weinstein Co. Costs

    PARIS — Jean-Marie Messier, CEO of French utilities giant Vivendi, predicted Thursday that negotiations with AOL will result in a deal before mid-year. Vivendi, which owns 49% of French pay TV group Canal Plus, is already a 55% shareholder in AOL France, but has expressed a desire to strike a partnership with a bigger access […]

  • Netflix Reed Hastings

    Netflix Falls Short of Q2 Subscriber Expectations Worldwide, Stock Dives

    PARIS — Jean-Marie Messier, CEO of French utilities giant Vivendi, predicted Thursday that negotiations with AOL will result in a deal before mid-year. Vivendi, which owns 49% of French pay TV group Canal Plus, is already a 55% shareholder in AOL France, but has expressed a desire to strike a partnership with a bigger access […]

More From Our Brands

Access exclusive content