Vivendi SA Chief Executive Officer Gains Ownership of the Biggest Cash Cow

Vivendi SA Chief Executive Officer Gains Ownership of the Biggest Cash Cow

Despite the fact that the company Vivendi has not made any major external acquisition since late 2009, it has stirred everyone with its 7.95 billion-euro deal to buyout SFR, which will give it total ownership of the company’s cash cow. This is said to be a move by the company which has been in process over a decade to restore the French company’s stability after the leadership of Messier’s messy.

However, the CEO of Vivendi, Jean-Bernard Levy, has stated that the SFR deal will enable a major increase in the company’s net adjusted income which will also increase the dividend of their shareholders.

Moreover ,the shares of Vivendi is said to have increased by 1.7% in Paris and 0.7% higher at 20.65 Euros, while Vodafone which plans to use 4 billion pounds to buy its shares back, increased by 2.1% in London. This for a matured Telecom company has been reported to be too high. Also, the SFR buyout will be founded by the $5.8 billion sale in 2010 of Vivendi’s stake in the entertainment group NBC Universal to General Electric co. which is now Hollywood and was initiated by Messier’s messy


FrenchTribune Specials

Exercise has little role in fighting obesity, study

According to a new study, physical activity has no major role in controlling obesity and doctors said that public campaigns must be focused on avoiding unhealthy foods.

The editorial published in the British Journal of Sports Medicine said that it is time to clear the myth about exercise.Three international experts said that the physical...

Most Popular

Harper government commits to extend its contribution to ISS

The Harper government committed that for next four years...

Canada Health Officials expand Monitoring of Ticks

A dramatic rise in the number of cases of a deadly...

Dr.Squyres describe Mars rovers’ journey

Dr. Steven Squyres, who is the Principal Scientific...

Darwin reptile expert helps save elusive python from extinction

A leading expert on reptiles from the city of Darwin in...

Poll

Can Greece Come out of Economic Problems: