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(i) (i)

VIVENDI SA (formerly VIVENDI UNIVERSAL SA) is a French multinational mass media conglomerate headquartered in Paris
Paris
. The company has activities in music , television , film , video games , telecommunications , tickets and video hosting service .

CONTENTS

* 1 Activities

* 1.1 Television
Television
and film: Canal+ Group
Canal+ Group
* 1.2 Video games: Ubisoft
Ubisoft
& Gameloft
Gameloft
* 1.3 Vivendi
Vivendi
Village * 1.4 Video hosting service: Dailymotion
Dailymotion

* 2 History

* 2.1 Origins * 2.2 Creation of "Vivendi" * 2.3 Corporate loss * 2.4 Further acquisitions, mergers and divestments

* 3 See also * 4 References * 5 External links

ACTIVITIES

Main article: List of assets owned by Vivendi

Vivendi
Vivendi
is a company primarily focused on digital entertainment. It owns the French TV channel and movie producer Canal+ Group
Canal+ Group
, as well as music world leader Universal Music Group
Universal Music Group
. On 25 July 2013, Vivendi asset Activision Blizzard
Activision Blizzard
announced the purchase of 429 million shares from Vivendi
Vivendi
for $5.83 billion, dropping the shareholder from a 63% stake to 11.8% by the end of the deal in September, ending Vivendi's majority ownership of Activision
Activision
Blizzard. In 2014, Vivendi
Vivendi
decided to sell mobile companies SFR
SFR
(France) to Patrick Drahi
Patrick Drahi
's company, Altice , and GVT (Brazil) to the Brazilian company Telefônica Vivo . In November 2013, it signed the definitive agreement to sell its majority and controlling stake in Maroc Telecom
Maroc Telecom
( Morocco
Morocco
) to Etisalat
Etisalat
based in Abu Dhabi
Abu Dhabi
.

Vivendi's president Vincent Bolloré , appointed in June 2014, wants to continue resolutely on the chosen path and aims at developing synergies between the company's subsidiaries now refocused on media: Canal+
Canal+
Group, Universal Music
Music
Group, Vivendi
Vivendi
Village , Dailymotion
Dailymotion
, Gameloft
Gameloft
and Telecom Italia
Telecom Italia
.

TELEVISION AND FILM: CANAL+ GROUP

Canal+ Group
Canal+ Group
is the leading pay television group in France. It is also an international movie and television series producer and distributor with StudioCanal. In November 2013, Vivendi
Vivendi
became the exclusive owner of France's biggest pay-TV company.

VIDEO GAMES: UBISOFT ">

MyBestPro provides experts counseling in different fields (Wengo, RDVmedicaux, Juritravail, Bordas, Devispresto).

Watchever is a subscription video-on-demand service available in Germany.

Vivendi
Vivendi
Village also owns the Paris-based concert venue L'Olympia.

In 2015, Vivendi
Vivendi
announced that it will open ten live-performance venues in central and west Africa. These venues will be named CanalOlympia, they will serve as concert halls, theaters and screening rooms.

VIDEO HOSTING SERVICE: DAILYMOTION

In 2015, Vivendi
Vivendi
purchased an 80% stake in Dailymotion
Dailymotion
from its previous owner, Orange S.A.
Orange S.A.

Vivendi
Vivendi
announced that it increased this stake to 90% in September 2015.

HISTORY

ORIGINS

Original Vivendi
Vivendi
logo

On 14 December 1853, a water company named Compagnie Générale des Eaux (CGE) was created by an imperial decree of Napoleon III
Napoleon III
. In 1854, CGE obtained a concession in order to supply water to the public in Lyon
Lyon
, serving in that capacity for over a hundred years. In 1861, it obtained a 50-year concession with the City of Paris
Paris
. CGE also supplied water to Nantes
Nantes
, Venice
Venice
(from 1880), Constantinople (from 1882) and Porto
Porto
(from 1883). For more than a century, Compagnie Générale des Eaux remained largely focused on the water sector.

Following the appointment of Guy Dejouany as CEO in 1976, CGE extended its activities into other sectors with a series of takeovers. Beginning in 1980, CGE began diversifying its operations from water into waste management, energy, transport services, and construction and property. It acquired the Compagnie Générale d'Entreprises Automobiles (CGEA), specialized in industrial vehicles, which was later divided into two branches: Connex and Onyx Environnement. CGE then acquired the Compagnie Générale de Chauffe, and later the Montenay group. The Energy Services division these companies became part of, was later (1998) renamed Dalkia .

In 1983, CGE helped to found Canal+, the first pay-TV channel in France, and in the 1990s, they began expanding into telecommunications and mass media , especially after Jean-Marie Messier succeeded Guy Dejouany on 27 June 1996. In 1996, CGE created Neuf Cegetel to take advantage of the 1998 deregulation of the French telecommunications market, accelerating the move into the media sector which would culminate in the 2000 demerger into Vivendi
Vivendi
Universal and Vivendi Environnement ( Veolia
Veolia
).

CREATION OF "VIVENDI"

Vivendi
Vivendi
Universal logo from 2000 to 2006

In 1998, Compagnie Générale des Eaux
Compagnie Générale des Eaux
changed its name to Vivendi, and sold off its property and construction divisions the following year to what would become Vinci SA
Vinci SA
. Vivendi
Vivendi
went on to acquire stakes in or merge with Maroc Telecom
Maroc Telecom
, Havas
Havas
, Cendant Software , Grupo Anaya, and NetHold, a large Continental European pay-TV operator. Beginning in 1998, Vivendi
Vivendi
launched digital channels in Italy, Spain, Poland, Scandinavia, Belgium, and the Netherlands.

In June 1999, Vivendi
Vivendi
merged with Pathé
Pathé
, the exchange ratio for the merger fixed at three Vivendi
Vivendi
shares for every two Pathé
Pathé
shares. The Wall Street Journal estimated the value of the deal at US$2.59 billion. Following the completion of the merger, Vivendi
Vivendi
retained Pathé's interests in British Sky Broadcasting Group PLC
British Sky Broadcasting Group PLC
and CanalSatellite, a French broadcasting corporation, then sold all remaining assets to Jérôme Seydoux's family-owned holding company, Fornier SA, who changed its name to Pathé.

In July 2000, Vivendi
Vivendi
spun off its water and waste companies—once its core business—along with interests in other public service sectors such as transport into Vivendi Environnement (IPO in Paris
Paris
in July 2000 and in New York in October 2001), later (2003) renamed Veolia
Veolia
Environnement .

Vivendi
Vivendi
Universal SA was created on 8 December 2000 with the merger of the Vivendi
Vivendi
media empire with Canal+
Canal+
television networks and the acquisition of media assets of Canadian company Seagram
Seagram
Company Ltd , owner of Universal Studios .

Vivendi
Vivendi
Universal acquired MP3.com and a leading American publisher, Houghton Mifflin
Houghton Mifflin
in year 2001.

CORPORATE LOSS

Vivendi
Vivendi
Universal disclosed a corporate loss of €23.3 billion in its 2002 annual report. It responded with financial reshuffling, trying to shore up media holdings while selling off shares in its spin-off companies. Amid intense media scrutiny, its chairman and CEO, Jean-Marie Messier (who had overseen the most dramatic phase of the company's diversification), was subsequently replaced by Jean-René Fourtou. Messier was found guilty of embezzlement in 2011, but not before he was paid over US$20 million as part of his severance package. The company reduced its stake in Vivendi Environnement to 40% and sold its stake in Vinci SA
Vinci SA
. The company then began reorganizing to stave off bankruptcy , announcing a strategy to sell non-strategic assets. Its largest single shareholder was the family of Edgar Bronfman Jr. , who was head of Seagram
Seagram
at the time of the merger. Vivendi
Vivendi
sold its stake in Vizzavi to Vodafone
Vodafone
, with the exception of Vizzavi France. It also sold 20.4% of Vivendi
Vivendi
Environnement's capital to a group of investors, and its stake in North American satellite operator EchoStar Communications Corporation . It also sold Houghton Mifflin to Thomas H Lee, Blackstone and Bain consortium for US$1.66 billion. Also in 2002, Vivendi
Vivendi
Universal sold the Belgian and Dutch activities of its subsidiary Scoot Europe to Kapitol, the parent company of online directory Infobel .

In 2003, Vivendi
Vivendi
Universal sold Canal+
Canal+
Technologies to Thomson SA
Thomson SA
; Tele+ to News Corporation
News Corporation
and Telecom Italia
Telecom Italia
. It also sold its 26.3% interest in Xfera
Xfera
. On 1 December, Vivendi
Vivendi
Universal closed a deal to sell MP3.com to CNET
CNET
. Despite predictions that it would be unable to raise the cash needed, Vivendi
Vivendi
Universal bought out one of the two minority shareholders in Cegetel, taking its holding to 60 percent, with Vodafone
Vodafone
holding the remaining 40 percent. Management viewed the mobile communications firm as a core asset once the bulk of media assets had been sold off.

FURTHER ACQUISITIONS, MERGERS AND DIVESTMENTS

In 2004, 80% of the Vivendi
Vivendi
Universal branch was sold to GE , to form NBC Universal
NBC Universal
, with Vivendi
Vivendi
retaining a 20 percent stake. At the same time, it sold a 50% stake in Canal+
Canal+
and StudioCanal
StudioCanal
to the new company. Vivendi
Vivendi
also sold its interests in Kencell (re-branded Celtel, Kenya), Monaco Telecom
Monaco Telecom
and Sportfive
Sportfive
(which it held through Canal+
Canal+
Group), and sold Newsworld International to the business partnership of Joel Hyatt
Joel Hyatt
and former Vice-President of the United States Al Gore
Al Gore
.

On 16 December 2005, it was announced that Canal Plus
Canal Plus
would merge with TPS , France's second largest Pay-TV provider. If the €5 billion (US$5.9 billion; £3.4 bn) tie-up is approved, VU will own 85% of the combined entity.

On 17 January 2006, Vivendi
Vivendi
Universal announced it would end its American Depositary Receipt
American Depositary Receipt
program and its listing on the New York Stock Exchange by the end of the second quarter of 2006, due to lowered trading volume on its shares and high costs.

On 20 April 2006, Vivendi
Vivendi
in its current form came into existence, following the sale of an 80% stake in the Vivendi
Vivendi
Universal unit to General Electric
General Electric
to form NBC Universal
NBC Universal
(merging GE's NBC unit and Vivendi's Vivendi
Vivendi
Universal unit) and the gradual recovery of the company from its disastrous over-expansion in the late 1990s and the early 2000s. The company announced that shareholders had approved the name change to "Vivendi".

In August 2006, Vivendi
Vivendi
signed a deal with Spiralfrog to distribute Vivendi's songs online in the United States and Canada. On 8 September, the company announced that Sierra Entertainment
Sierra Entertainment
, a division of its Vivendi Games
Vivendi Games
group, would be publishing the new game for Double Fine Productions , later revealed to be Brütal Legend
Brütal Legend
.

On 2 December 2007, Vivendi
Vivendi
announced that it would be merging its Vivendi Games
Vivendi Games
unit with Activision
Activision
in a $ 18.8 billion deal. This will allow the merged company, Activision Blizzard
Activision Blizzard
, to rival Electronic Arts
Electronic Arts
, the world's biggest video games publisher. The merger closed on 9 July 2008, for $9.8 billion. Vivendi
Vivendi
held a 52% majority stake in the new business.

On 8 September 2009, Vivendi
Vivendi
announced negotiations to buy the Brazilian phone operator Global Village Telecom
Global Village Telecom
(GVT). Vivendi
Vivendi
took control of GVT at a cost of 56 reais per share, on 13 November, trumping Telefónica
Telefónica
's bid.

On 3 December 2009, GE announced it would purchase Vivendi's stake in NBC Universal, which would become a joint venture between GE and Comcast
Comcast
. Vivendi
Vivendi
sold its stake in NBC Universal
NBC Universal
on 25 January 2011.

On 4 April 2011, Vodafone
Vodafone
sold its 44% stake in mobile service provider SFR
SFR
to Vivendi
Vivendi
for about $11 billion and giving Vivendi
Vivendi
full control of its largest unit.

In 2012, Vivendi
Vivendi
announced having entered a strategic review of its assets and decided to refocus its activities on media and content activities while maximizing its telecoms assets.

In October 2013, as a result of its strategic review, it sold the majority of its interest in Activision
Activision
Blizzard, keeping a 12% stake in the games company.

In November 2013, Vivendi
Vivendi
also sold its 53% stake in Maroc Telecom
Maroc Telecom
to Dubai
Dubai
-based Etisalat
Etisalat
for around $4.2 billion.

Vivendi
Vivendi
also confirmed in November 2013 its intention to launch a demerger plan which would result in Vivendi
Vivendi
becoming an international media group consisting primarily of Canal+, Universal Music Group
Universal Music Group
and GVT, while SFR
SFR
would be listed separately on the stock market. As a result of the foregoing, Vivendi
Vivendi
group results for the first semester 2014 are in a strong growth, witnessing the success of its repositioning strategy. Net income
Net income
was up 84,8% to €1.9 billion. In August 2014 Vivendi
Vivendi
sells GVT to Telefônica Vivo , a subsidiary of Telefónica
Telefónica
in Brazil.

The moves have allowed Vivendi
Vivendi
to rapidly pay down debt and increase cash returns to shareholders while leaving it with ammunition to do acquisitions of its own. Indeed, once the SFR
SFR
deal closes, Vivendi will have a cash pile of around €5 billion, leaving it with some room to maneuver even after it pays down debt and returns nearly €5 billion in dividends and share buybacks to shareholders.

Vivendi's priority is now content. The French group is expected to expand its assets in the content industries in the coming year.

On 28 May 2014, Vivendi
Vivendi
sold half of its remaining shares (nearly 41.5 million shares) in Activision Blizzard
Activision Blizzard
for $850 million, reducing its stake to 6%.

In April 2015, it was announced that a shareholder in the company Bolloré
Bolloré
raised its stake from 10.2 percent to 12.01 percent for a total fee of €568 million.

In 2015, Vivendi
Vivendi
bought 80% share in Dailymotion
Dailymotion
. According to the Wall Street Journal, the "French media group offered around $273 million for streaming service". Vivendi
Vivendi
was in talks with Orange, to Buy 80% stake in Dailymotion. Also, Vivendi
Vivendi
announced extra payouts in compromise with P. Schoenfeld Asset
Asset
Management shareholder.

It was revealed in October 2015 that Vivendi
Vivendi
would increase its stake in Telecom Italia
Telecom Italia
to around 19% of the ordinary share capital as part of its aims to increase its influence in the group.

In October 2015, Vivendi
Vivendi
bought minority stakes in the French video game studios Gameloft
Gameloft
and Ubisoft
Ubisoft
. On 17 December 2015, Vivendi acquired a 64.4% majority stake in Belgian online radio aggregator Radionomy
Radionomy
(including its media player platform Winamp
Winamp
and internet radio streaming software Shoutcast ). Its shareholders, including its employees and U.S.-based investment firm Union Square Ventures , however, retained their stakes in the company.

In June 2016, after having triggered a mandatory tender offer in February 2016 by reaching 30% ownership, and then becoming its largest shareholder, Vivendi
Vivendi
completed a hostile takeover of Gameloft
Gameloft
with the acquisition of its founders' stake. At the same time, Vivendi
Vivendi
also further increased its stake in Ubisoft, which has led to concern from the company's management that Vivendi
Vivendi
was also planning a hostile takeover of Ubisoft.

In an auction on 6 June, Vivendi
Vivendi
won a bid to acquire Flavorus from SFX Entertainment
SFX Entertainment
for $4 million. Also that month, it acquired Paddington and Company Limited-owner of Paddington Bear
Paddington Bear
and other properties, and The Copyrights Group.

Vivendi
Vivendi
declared that it owned 12.3% of Mediaset
Mediaset
on December 2016.

SEE ALSO

* Companies portal

* List of French companies
List of French companies

REFERENCES

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Vivendi
unit wins auction for SFX\'s Flavorus". MarketWatch
MarketWatch
. Retrieved 2 July 2016. * ^ Kostov, Nick. " Vivendi
Vivendi
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Vivendi
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Bolloré
: créer des synergies au sein du nouveau Vivendi". La Tribune. Retrieved 12 July 2015. * ^ Regan, James (13 February 2013). "Vivendi, Lagardere in legal spat over Canal+". Reuters. Retrieved 12 July 2015. * ^ Marie Mawad (29 October 2013). " Vivendi
Vivendi
Buys Out TV Division From Lagardere for $1.4 Billion". Bloomberg.com. Retrieved 12 July 2015. * ^ PhilSerafino, Phil Serafino. " Vivendi
Vivendi
Sells Its Activision Stake, Netting $1.1 Billion". Bloomberg.com. Retrieved 22 March 2016. * ^ Marie_a_Paris, Marie Mawad. "Ubisoft, Gameloft
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Shares Surge After Vivendi
Vivendi
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Gameloft
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Gameloft
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Ubisoft
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Vivendi
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Vivendi
to open CanalOlympia venues in Africa Vivendi". www.vivendi.com. Retrieved 2017-06-20. * ^ Lunden, Ingrid. " Vivendi
Vivendi
Buys 80% Of France’s Dailymotion, Valuing The YouTube Rival At $295M". Retrieved 26 June 2016. * ^ " Vivendi
Vivendi
Reportedly Raises Stake In Dailymotion
Dailymotion
To 90%". Retrieved 26 June 2016. * ^ History CGE-Vivendi- Veolia
Veolia
Environment 1853-1900 * ^ History CGE-Vivendi- Veolia
Veolia
Environment 1950-2000 * ^ "Society of Academic Authors: Late October 2002 News". Archived from the original on 14 July 2003. Retrieved 12 July 2015. CS1 maint: Unfit url (link ) * ^ "Kapitol acquires Scoot's Belgian and Dutch units". Europemedia. 5 December 2002. * ^ " Vivendi
Vivendi
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Video game
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Activision
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Vivendi
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Vodafone
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SFR
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Vivendi
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Etisalat
- sources". Reuters. * ^ "Vivendi: résultats en très forte hausse". Le Figaro. Retrieved 12 July 2015. * ^ Ruth Bender And Marion Halftermeyer (24 June 2014). "Vivendi Boss Vows to Complete Media Makeover". WSJ. Retrieved 12 July 2015. * ^ "New Vivendi
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Vivendi
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Vivendi
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Vivendi
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Vivendi
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CEO Tops Company\'s List to Lead Telecom Italia Board". Bloomberg.com. 2017-04-09. Retrieved 2017-07-17. * ^ "Former Activision
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Buys Stakes in Ubisoft
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Buys Majority Stake In Winamp, Shoutcast Owner Radionomy". Variety. Retrieved 18 December 2015. * ^ " Vivendi
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