Reuters logo
Breakingviews-Will the music ever stop for Vivendi’s bosses?
July 19, 2013 / 9:21 AM / 4 years ago

Breakingviews-Will the music ever stop for Vivendi’s bosses?

By Quentin Webb

LONDON, July 19 (Reuters Breakingviews) - The French conglomerate rejected an $8.5 bln bid for Universal Music, the FT says. Vivendi is trying to scale back in telecoms and focus on a ragbag of media assets. But why not aim for a full breakup? Rebuffing this rich offer leaves the company with some explaining to do.

Full view will be published shortly.





- Vivendi rejected an $8.5 billion offer from Japanese telecoms group SoftBank to acquire Universal Music, the Financial Times reported on July 18, citing people familiar with the proposal. Vivendi rejected the all-cash offer for the world’s biggest music group, made about 3 months ago, because it sees music as central to its strategy.

- Vivendi declined to comment on the report. Shares in Vivendi rose 0.95 percent by 0750 GMT on July 19, to 15.36 euros a share. SoftBank completed its $21.6 billion takeover of Sprint Nextel Corp, the U.S. mobile carrier, on July 10.

- FT (subscription required): Vivendi spurned $8.5bn Universal Music bid here#axzz2Z5qpaD26

- Reuters: Vivendi rejected $8.5 bln SoftBank bid for Universal Music –FT [ID:nL6N0FO45Q]


Shoot ‘em up [ID:nL6N0FE1B7]

(The author is a Reuters Breakingviews columnist. The opinions expressed are his own)

- For previous columns by the author, Reuters customers can click on [WEBB/]

(Editing by Pierre Briançon and David Evans)


((Reuters messaging: Keywords: BREAKINGVIEWS VIVENDI/

C Reuters 2012. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing, or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below