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Topic: Vivendi SA

	Vivendi - Wikipedia, the free encyclopedia
		Vivendi SA (formerly known as Vivendi Universal) is a French conglomerate active in media and communications with activities in music, television and film, publishing, telecommunications and the Internet.
		Vivendi Universal was created in December of 2000 with the massive merger of the Vivendi media empire with Canal+ television networks and the Canadian company Seagram, the owner of Universal Studios film company.
		Vivendi in its current form came into existence on April 20, 2006 following the sale of an 80% stake in the Vivendi Universal Entertainment unit to form NBC Universal and the gradual recovery of the company from its disastrous over-expansion in the late 1990's and the early 2000's.
	en.wikipedia.org /wiki/Vivendi (1312 words)

	Vivendi 1Q revenue climbs 5.7 percent - Boston.com
		Vivendi Universal SA posted a 5.7 percent rise in first-quarter revenue Thursday, boosted by strong growth at Maroc Telecom and solid performances at its games and music divisions.
		The name change was in compliance with agreements reached in 2004 between Vivendi and General Electric Co. that resulted in the creation of NBC Universal.
		Vivendi said the business benefited from significant growth in digital revenues, strong sales of local repertoire in Japan and higher music publishing activity in addition to favorable currency movements.
	www.boston.com /business/articles/2006/04/20/vivendi_1q_revenue_up_57_percent (567 words)

	General Electric : Our Company : News (Site not responding. Last check: 2007-11-03)
		Vivendi Universal SA, ending a months-long auction that sought to unravel the frenzied acquisitions that brought it to the brink of bankruptcy, signed a preliminary deal to sell its film and television assets to General Electric Co.'s NBC unit for equity valued at roughly $14 billion.
		Vivendi is betting that the deal with NBC would yield a bigger value over time from possible synergies among the combined assets.
		Under the deal with GE, Vivendi would get $3.8 billion in cash at closing, expected to be next year, by selling its right to receive $4 billion of GE stock in the next two years, people familiar with the deal said.
	www.ge.com /en/company/news/vivendi_wsj.htm (1209 words)

	washingtonpost.com: Vivendi's Ex-CEO Is Detained
		Two years ago, Messier's rivals managed to engineer his ouster as Vivendi's chief executive after his acquisition spree ran up against the bursting of the dot-com bubble and the world economic downturn that followed the terrorist attacks of 2001.
		Vivendi later reported a loss of nearly $12 billion for that year, then the largest single-year corporate loss in French history.
		Vivendi purchased about 21 million of its shares in late September and October 2001, and the French financial brigade -- the police unit dealing with white-collar crimes -- is investigating whether the repurchase was carried out in ways that violated France's trading rules.
	www.washingtonpost.com /ac2/wp-dyn/A58892-2004Jun21?language=printer (743 words)

	Vivendi cuts net loss to $787 million (Site not responding. Last check: 2007-11-03)
		Vivendi's net loss fell to €642 million ($787 million) in the last quarter of 2003 from €9.76 billion a year earlier.
		Vivendi also announced Wednesday that it was taking legal action against a major shareholder in order to complete its deal to merge VUE with General Electric Co.'s NBC later this year.
		Vivendi Universal Games, the smallest of the group's divisions, slid to a €91 million ($112 million) operating loss after a profit of €26 million a year earlier.
	www.hollywoodreporter.com /thr/article_display.jsp?vnu_content_id=1000464467 (695 words)

	Vivendi Reports Surprise 3Q Profit - BizReport
		French media and telecommunications company Vivendi Universal SA swung to a profit in the third quarter but warned that its end-of-year performance would not be as strong.
		Vivendi reported Tuesday that it earned euro131 million ($157 million) for the three months ending Sept. 30 compared to a loss of euro1.23 billion in the same period last year.
		Vivendi Universal Entertainment, its second-biggest division, posted a 1 percent increase in operating profit to euro197 million ($236 million), in line with revenue, as it awaited its merger with NBC.
	www.bizreport.com /news/5648 (536 words)

	Bloomberg.com: U.S. (Site not responding. Last check: 2007-11-03)
		Vivendi had lost 37.5 billion euros since the second quarter of 2001, the result of predecessor Jean-Marie Messier's failed $77 billion spending spree to transform a 150- year-old French utility into a global media company.
		Vivendi and Vodafone are merging the units holding stakes in the mobile-phone company into a single group, to be called SFR.
		Vivendi also said it signed a five-year 2.7 billion-euro credit facility to cover ``general corporate purposes.'' The use of the facility is subject to the completion of the sale of its U.S. entertainment assets to NBC, expected in the first half.
	quote.bloomberg.com /apps/news?pid=70000107&sid=awKcn17chzEk&refer=regional_indices (977 words)

	Frell Me Dead - Vivendi's getting SUED!
		Vivendi reported earlier this month the largest loss in French corporate history, due mainly to its write-down of the value of Universal Studios and its pay-television unit, Canal Plus SA.
		Liberty alleged that Vivendi made public statements that it knew were false in order to inflate the value of the Vivendi shares during this critical measurement period.
		When the parties had discussed the deal, Vivendi was aware that Liberty Media was interested in pursuing this arrangement partially because it believed that the Vivendi shares were a more liquid asset than the shares it held in USA Networks, the suit alleged.
	www.watchfarscape.com /forums/printthread.php?t=8806 (1744 words)

	Canal and NDS Piracy claims settled PARIS -- Vivendi Universal SA Saturday agreed to sell its Italian pay-TV ... (Site not responding. Last check: 2007-11-03)
		This is the end of Vivendi's ambition to create synergies between Canal Plus subscribers in Europe and content produced by Universal in the U.S., as expressed when Vivendi took over both Universal and Canal Plus in 2000.
		Simultaneously, Vivendi is close to selling 15% of Vivendi Environnement, the water and waste company in which it has a 63% stake, French daily Le Monde reported Saturday.
		Vivendi Universal had no comment about the le Monde story, which said that 15% of Vivendi Environnement will be put on the market after the second round of French parliamentary elections, scheduled for June 16, and before July 14.
	www.legal-rights.org /NDSTHEFT/canalandnds.html (1045 words)

	Reports: Two raiders seek to split Vivendi Universal - Boston.com
		Two corporate raiders are building stakes in Vivendi Universal SA to try to break up the conglomerate and force management to choose between its telecommunications and media assets, according to media reports.
		PARIS --Two corporate raiders are building stakes in Vivendi Universal SA to try to break up the conglomerate and force management to choose between its telecommunications and media assets, according to media reports.
		According to the Securities and Exchange Commission, Vivendi's largest declared shareholder as of Dec. 31 was Southeastern Asset Management, with 1.8 percent of the stock.
	www.boston.com /news/local/connecticut/articles/2006/03/21/reports_two_raiders_seek_to_split_vivendi_universal (426 words)

	2003 Pulitzer Prizes-EXPLANATORY REPORTING, Works
		Messier, meanwhile, led investors and board members to believe Vivendi's cash situation was better than it really was by systematically including earnings from partly owned subsidiaries in his financial presentations, even though Vivendi didn't have access to their cash flow.
		Vivendi was on the verge of announcing a $12.7 billion loss, the largest ever in French history.
		Messier said, "Vivendi Universal is confident of its capacity to meet its anticipated obligations over the next 12 months." That afternoon, he told analysts on a conference call that he planned to remain Vivendi's chairman for 15 more years.
	www.pulitzer.org /year/2003/explanatory-reporting/works/wsj9.html (3260 words)

	Vivendi ups funding in loss-making Elektrim - Vivendi SA Elektrim SA - Company Business and Marketing ... (Site not responding. Last check: 2007-11-03)
		French conglomerate Vivendi SA last week came to the rescue of Poland's Elektrim SA by doubling its investment in the cash-strapped engergy and telecoms company and reasserting its commitment to a partnership between the two.
		Its problems were further heightened by a tussle involving Vivendi and Deutsche Telekom over shares in mobile operator Polska Telefonia Cyfrowa SA (PTC), in which Elektrim holds a majority.
		According to Elektrim sources, Vivendi has pledged to increase its investment with the polish operator to $1.2 billion to help solve Elektrim's pressing liquidity problems, thereby upping its stake in a joint venture between the two to 49%.
	www.findarticles.com /p/articles/mi_m0UKG/is_1999_Dec_13/ai_58445897 (444 words)

	ABC News: Vivendi Universal's 3Q Profit Tumbles (Site not responding. Last check: 2007-11-03)
		Vivendi posted net profit of 647 million euros ($756 million) for the three months to Sept. 30, down from 1 billion euros in the same period last year, when the bottom line was swollen by a 388 million euro ($453 million) tax gain.
		Vivendi's shares gained 2.2 percent to 25.65 euros ($29.95) in Paris trading on Thursday.
		Telecom division SFR, Vivendi's largest, posted a 7 percent increase in third-quarter operating profit to 2.24 billion euros ($2.61 billion), boosted by an upturn in recruitment of new clients, the company said.
	abcnews.go.com /Business/wireStory?id=1321582&CMP=OTC-RSSFeeds0312 (377 words)

	Vivendi, Canal Plus, Seagram merger to create communications giant (Site not responding. Last check: 2007-11-03)
		Initially, Vivendi Environment was to list its shares in both cities by the end of this summer, with a separate New York listing of shares in Vivendi SA coming later.
		Now, Vivendi SA plans to list its shares first in New York, within the next few weeks, and to put off listing Vivendi Environment there until 2001 at the earliest, according to people familiar with the situation.
		Vivendi Environment generates most of its parent's cash flow, but it also holds most of Vivendi SA's roughly $18 billion of debt.
	www.expressindia.com /fe/daily/20000616/fco16040.html (895 words)

	Vivendi Universal News (Site not responding. Last check: 2007-11-03)
		Vivendi SA, the owner of the world's largest music company, is selling its remaining 864 million-euro stake in Veolia Environnement SA, severing ties with the water utility from which it was created.
		PARIS Vivendi, the owner of the world's largest music company, is selling its remaining stake in Veolia Environnement, it said Thursday, in a deal worth as much as 864 million that will sever Vivendi's ties...
		In a move that could be seen as the beginning of the end of one of the longest running legal battles in the telecoms industry, an arbitration court in Vienna has ruled that Deutsche Telekom may legally exercise...
	www.topix.net /com/v (684 words)

	fuckfrance.com - NBC Deal Drains Vivendi Revenue in 3Q (923051) - Read article:
		Vivendi's sale of its U.S. entertainment businesses late last year came as part of chief executive Jean-Rene Fourtou's drive to restore the French group's battered fortunes after its 2002 brush with bankruptcy.
		The best part of Vivendi's business fiasco with Universal is not only did they lose big time on the asset value but that they bought the assets with a strong dollar and sold in a weak dollar.
		Vivendi Universal is scheduled to publish full third-quarter earnings figures on November 17.
	www.fuckfrance.com /read.html?postid=923051 (734 words)

	Vivendi Revenue Falls on NBC Deal - BizReport
		Vivendi's shares were 1.2 percent higher in late-afternoon trading in Paris.
		Vivendi and NBC concluded their deal in May to form NBC Universal, in which Vivendi retains a 20 percent stake.
		Vivendi said its Universal Music Group had turned a corner, overcoming earlier difficulties in France and Japan, to post revenue growth of 2 percent to 1.09 billion euros ($1.31 billion).
	www.bizreport.com /news/7737 (396 words)

	Gamehelper (Site not responding. Last check: 2007-11-03)
		Vivendi Universal SA (V), looking for ways to slash debt now that it is under new management, is considering selling its U.S.-based videogame-software business in a deal that could fetch as much as two billion euros ($1.96 billion), people familiar with the matter told The Wall Street Journal.
		Vivendi's new chief executive, Jean-Rene Fourtou, hasn't yet formally decided on such a sale and continues to weigh other options, these people cautioned.
		Fourtou does opt to sell Vivendi's videogame business, it will be his second debt-slashing initiative since he succeeded the ousted Jean-Marie Messier at Vivendi's helm a month ago.
	www.gamehelper.com /common?App_Module=NEWS&ID=2223 (293 words)

	CNN.com - Vivendi: Shareholder e-vote may have been hacked - April 30, 2002
		Vivendi's suspicions were raised by the abnormally large number of abstentions in votes on each of 19 resolutions at the meeting Wednesday, it said.
		Some of the largest shareholders present, including Compagnie de Saint-Gobain SA, told Vivendi that the abstentions recorded did not reflect the actual electronic vote, despite confirmation on their voting machine control panel, the company said.
		Vivendi has reportedly asked the authorities to begin a criminal investigation into the matter.
	archives.cnn.com /2002/TECH/industry/04/30/vote.hack.idg (313 words)

	WJLA - Vivendi Vows to Beat Its 2005 Target (Site not responding. Last check: 2007-11-03)
		Vivendi Universal SA Tuesday said it will beat its full-year earnings forecast after second-quarter net profit rose 12 percent, driven by strong performances from its music and telecommunications units.The French media group said net earnings rose to 758 million euros ($933 million) in April through June from euro678 million in the same period last year.
		Vivendi said it now expects to beat its full-year target of 1.8 billion euros ($2.2 billion) in adjusted net profit — stripping out non-recurrent profits and losses as well as selloffs and acquisitions.
		Vivendi said the business — the world's largest music company with a stable of artists including U2 and 50 Cent — made "significant" market share gains in the first half.
	www.wjla.com /headlines/0905/259701.html (532 words)

	Polaris Institute - Public Service Project (Site not responding. Last check: 2007-11-03)
		Vivendi Universal SA said the U.S. attorney's office for the Southern District of New York has launched a preliminary criminal investigation into the company, less than a week after the Paris public prosecutor's office opened its own criminal probe of the French media and utility conglomerate.
		Vivendi Universal, parent of Universal Music Group and Universal Studios, was formed from the three-way merger of Vivendi SA, Seagram Co. and Canal Plus SA in late 2000.
		Vivendi learned of the U.S. criminal investigation during the weekend, when the U.S. Attorney's Office contacted one of the company's top U.S. counsels by phone, according to people close to Vivendi.
	www.polarisinstitute.org /polaris_project/public_service/news/archives/nov_5_2002.html (515 words)

	French TV firms merge to counter telco 'threat' - Telecom Asia (Site not responding. Last check: 2007-11-03)
		Vivendi announced the tie-up in a statement issued jointly with TPS shareholders Societe Television Francaise 1, operator of TF1, France's biggest TV station, and Metropole Television SA, which owns popular youth station M6.
		Vivendi's effective takeover of TPS is also subject to regulatory approval by both France's antitrust watchdog and the national broadcasting authority.
		Vivendi has long advocated a merger of Canal Plus and TPS, noting that France is one of the few large European markets with two satellite pay-TV operators.
	www.telecomasia.net /telecomasia/article/articleDetail.jsp?id=262878 (252 words)

	Vivendi Universal Article Archives by KeepMedia (Site not responding. Last check: 2007-11-03)
		Vivendi Universal has launched a lawsuit against Barry Diller's USANi claiming that the former USA Networks boss is holding up Vivendi's merger with NBC.
		Vivendi Universal is to divest its entire stake in Spanish pay TV and content group Sogecable through a bond issue exchangeable for shares in the company.
		Vivendi Universal has said its French pay TV division Canal Plus is not for sale, despite ditching plans to raise capital from the unit through a new rights issue.
	www.topix.net /com/v/keepmedia (757 words)

	CNN.com - USA Networks shareholders sue - Dec. 27, 2001
		The deal provides Vivendi (V: up $1.21 to $54.06, Research, Estimates) a much-sought U.S. distribution outlet for its film and TV assets.
		Vivendi will own a 93 percent stake in USA Networks, which will be renamed USA Interactive.
		Vivendi and Liberty are alleged in the lawsuit to have knowingly assisted the USA board in the breach of its fiduciary duties.
	cnnstudentnews.cnn.com /2001/BUSINESS/12/27/vivendi.re (393 words)

	Ultimate AV: Vivendi Posts Huge Loss (Site not responding. Last check: 2007-11-03)
		That was a curious development in view of parent company Vivendi Universal SA's recent report of a net loss for 2001 in the amount of 13.6 billion euros, or $15.63 billion.
		Vivendi is also the parent company of Universal Pictures, its film unit.
		In 2000, Vivendi posted a profit of 2.3 billion euros ($2.64 billion) on revenue of 52.5 billion euros ($60.32 billion).
	www.guidetohometheater.com /news/11243 (220 words)

	Vivendi Universal Investor Relations
		Paris, June 30, 2003 — Vivendi Universal (Paris Bourse: EX FP; NYSE: V) announces today the launch of a private offering of 1.11 billion of 5-year high yield notes denominated in euros and dollars and issued by Vivendi Universal SA.
		It will allow Vivendi Universal to simplify the ownership structure of the 26% stake in Cegetel Groupe acquired in January 2003, and thereby to consolidate its access to dividends from Cegetel Groupe.
		Vivendi Universal controls 70% of Cegetel Groupe, France’s leading private telecommunications operator, and 56% of SFR, the second mobile telephone operator in France with a market share of more than 35% and 13.7 million customers at the end of the first quarter of 2003 (source: ART).
	finance.vivendiuniversal.com /finance/news/00001311.cfm (423 words)

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