1. Vivendi Chairman Vincent Bollore Under Pressure From Activist Shareholder To Sell Off Universal Music Group

    Vivendi Chairman Vincent Bollore Under Pressure From Activist Shareholder To Sell Off Universal Music Group

    Vivendi chairman Vincent Bollore is being urged to sell off the company’s Universal Music Group by activist shareholder P Schoenfeld Asset Management to boost the company’s profitability and share price. Universal Media Group , which is currently 100% owned by Vivendi, is the world’s largest music group. Bollore reportedly rejected an offer as recently as last week from John Malone’s Liberty ...

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    1. PSAM believes that Vivendi is significantly undervalued due to its excessive cash holdings, inadequate capital return policy and the uncertainty over Vivendi's future use of its capital.
    2. Arnaud de Puyfontaine, Chairman of the Management Board, has made it clear on several occasions, and notably at a conference in London on 17th March, that UMG is not for sale and, along with Canal+ Group, constitute the strategic pillars in the building of a major industrial media and content group.
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