Vivendi and Mediaset: Structure of the Offer
July 26 2016 - 1:16PM
Business Wire
Regulatory News:
Vivendi (Paris:VIV) confirms, following a request from the AMF
and in accordance with market regulation, that on July 25th 2016 it
sent a constructive letter to Mediaset relating to the Mediaset
Premium acquisition (see press releases of April 8 and July 26),
proposing an alternative structure:
-A 3.5% share in Vivendi in exchange for:
-a 20% share in Mediaset Premium and a 3.5%
in Mediaset ;
-and convertible bonds into Mediaset shares
to be issued by Mediaset to Vivendi (annual instalments) for the
remaining amount.
Such a structure would fully align the interests
of the respective groups. Acquiring a direct stake
in Mediaset Premium will enable Vivendi to bring
its know-how in Pay-TV, while keeping intact the synergies
between pay and free TV activities within
the Mediaset group.
This proposal represents a more ambitious project, in line with
the development of the television market and the strategy developed
by our main competitors. It also reinforces Vivendi’s commitment to
building a major strategic alliance with Mediaset and Mediaset
Premium.
About Vivendi
Vivendi is an integrated media and content group. The company
operates businesses throughout the media value chain, from talent
discovery to the creation, production and distribution of content.
The main subsidiaries of Vivendi comprise Canal+ Group and
Universal Music Group. Canal+ is the leading pay-TV operator in
France, and also serves markets in Africa, Poland and Vietnam.
Canal+ operations include Studiocanal, a leading European player in
production, sales and distribution of film and TV series. Universal
Music Group is the world leader in recorded music, music publishing
and merchandising, with more than 50 labels covering all genres. A
separate division, Vivendi Village, brings together Vivendi
Ticketing (ticketing in the UK, the U.S and France), MyBestPro
(experts counseling), Watchever (subscription video-on-demand),
Radionomy (digital radio), the Paris-based concert venue L’Olympia,
the CanalOlympia venues in Africa and the Theatre de l‘Oeuvre in
Paris. With 3.5 billion videos viewed each month, Dailymotion is
one of the biggest video content aggregation and distribution
platforms in the world.
Gameloft is a worldwide leading video games on mobile, with 2
million games downloaded per day.
www.vivendi.com, www.cultureswithvivendi.com
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