Vivendi Universal will start trading in Paris and New York on Monday.
Today's vote in Paris follows approval votes on Tuesday (12/5) by Seagram and Vivendi shareholders. Vivendi is paying $30.2 billion for Seagram. With the acquisition of Canal Plus, Vivendi Universal's media holdings are a trifecta of film, music and television, including 14 million European pay-TV subscribers, Universal Studios and Universal Music. They also own some bitchin' water-treatment and waste-management operations.
French regulators required that Vivendi give control of Canal Plus' French subscribers to Canal Plus Programmes, which is only 49% Vivendi-owned. Canadian regulators approved the merger as well. The Federal Trade Commission did not have to approve the deal because those sneaky Frenchmen are, well, French and thus don't need our approval.
LIVE NATION POSTS (ANOTHER) RECORD QUARTER
More butts in seats than ever before. (5/3a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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