|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||9.26 - 9.39|
|52-week range||7.36 - 13.84|
|Beta (5Y monthly)||0.90|
|PE ratio (TTM)||0.39|
|Forward dividend & yield||0.26 (2.96%)|
|Ex-dividend date||29 Apr 2022|
|1y target est||10.50|
The European Commission said on Wednesday it had opened an in-depth investigation to assess Vivendi's planned acquisition of rival Lagardere, a deal that would combine France's two biggest publishing groups. "The Commission is concerned that the proposed acquisition may reduce competition on a number of markets across the entire book value chain in French-speaking countries of the European Economic Area (EEA) and in a segment of magazine publishing in France," EU's watchdog said in a statement.
Media group Vivendi's proposed acquisition of rival Lagardere is likely to face a full-scale EU antitrust investigation, people close to the matter said on Tuesday. The proposed deal would combine France's two biggest publishing groups, Lagardere's Hachette and Vivendi's Editis, and has come in for criticism from rivals including Gallimard. To resolve European Union antitrust concerns, Vivendi's top investor - billionaire Vincent Bollore - would sell all Editis shares he would receive after the transaction, which would consist of a simultaneous distribution of the publishing unit's shares to Vivendi shareholders and its listing.
Vivendi's Canal Plus TV arm is in exclusive talks to buy the film and pay TV operations of Orange in a deal that would allow it to add nearly 3 million subscribers and close in on Netflix in France, a source told Reuters on Friday. Informal talks between Vivendi's Canal Plus, which already owns a third of OCS pay TV business, and Orange - France's biggest telecoms group - have been going on for months.