You will be redirected back to your article in seconds

Vivendi Receives Anti-Trust Board Approval to Acquire Majority Stake in Havas

Vivendi has obtained the approval of France’s anti-trust board to complete its acquisition of a 59.2% stake in Havas, the advertising and communication group, from Bolloré Group at a premium 9.25 euros ($10.52) per share.

Listed on the Paris stock market, Havas is believed to be the world’s sixth-biggest advertising and communication group and is currently under the leadership of chief executive Yannick Bolloré.

Yannick Bolloré is the son of Vincent Bolloré (pictured), the chairman and dominant shareholder of Vivendi, the parent company of Universal Music Group and Canal Plus Group. Father and son sit at the helm of Bolloré Group as president/CEO and vice chairman, respectively.

Vivendi said it would next launch a simplified tender offer on the remaining Havas shares and is expected to merge with Havas. Yannick Bolloré is expected to eventually take control of Vivendi.

Taking note of the increasing competition in France from Altice and Netflix, the anti-trust board also recently allowed Canal Plus Group to distribute a premium channel exclusively, as well as sign a deal with a second U.S. studio besides Disney Media Distribution to gain exclusive rights to premium film and TV content for its free- and pay-TV channels.

In addition, the company also obtained the anti-trust board’s permission to have Canal Plus series stream exclusively on its sister SVOD service Canalplay starting this month. On top of series, Canal Plus will be able to premiere up to five French films it partly financed on Canalplay. The window of exclusivity for these five movies will last seven days.

More Digital

  • Cory-Haik-Vice

    Vice Media Hires Cory Haik, Former Mic Publisher, as Chief Digital Officer (EXCLUSIVE)

    Vice Media has recruited Cory Haik, former publisher of digital news start-up Mic, as chief digital officer to lead the youth-culture company’s global internet businesses. Haik will be based at Vice’s Brooklyn headquarters and report to CEO Nancy Dubuc. She most recently worked at Mic, which last fall laid off virtually its entire staff before [...]

  • Snapchat logos

    Porn Studio Starts Building X-Rated Snapchat Lenses, Encourages Users to Do the Same

    Adult entertainment company Naughty America wants to use augmented reality to get the word out about its paid services. The company has begun to make Snapchat lenses featuring some of its models, and is teaching its audience to do the same. Naughty America shared three such lenses on its website (link not safe for work) [...]

  • New, Likely Cheaper Galaxy Home Speaker

    Samsung Is Getting Ready to Introduce Second Smart Speaker

    Samsung still isn’t selling its Galaxy Home smart speaker, but the company may be getting ready to introduce a second model soon: An FCC filing for an “AI speaker” suggests that the new model, like the original Galaxy Home, will be dual-branded, featuring both Samsung’s own brand name as well as that of its audio [...]

  • Streaming Placeholder

    TikTok Owner Preparing Streaming Service to Rival Spotify (Report)

    ByteDance, the Beijing-based owner of the TikTok video app, is developing a paid streaming music service aimed at the same emerging markets that Spotify and Apple are seeking to explore, according to a report in Bloomberg. The app could be introduced as early as autumn, according to the report, which adds that the company has [...]

  • VidCon-Now-Stacey-Kelly

    VidCon Launches First Original Series to Promote Creators Year-Round

    VidCon brings together thousands of fervent fans at its annual conventions, who flock to the events to see their favorite YouTubers and other digital celebs in the flesh. Now the Viacom-owned division is trying to keep the excitement burning during the VidCon off-season, too. This week VidCon is launching its first foray into original content [...]

  • Stranger Things

    Coca-Cola Will Revive New Coke in Alliance With Netflix, 'Stranger Things'

    A rush of TV watchers to streaming video has prompted Coca-Cola to test an interesting pour. Coca-Cola will bring New Coke back to market for a brief time, all part of a partnership with Netflix, which has featured Coke in its cult-favorite series “Stranger Things.” The third season of the series, set in 1985, will [...]

More From Our Brands

Access exclusive content