VIV FP (Update)

Vivendi Société Anonyme

TMT


Presented:11/05/2014
Price:€19.76
Cap:$29.70B
Current Price:€10.27
Cap:$11.53B

Presented

Date11/05/2014
Price€19.76
Market Cap$29.70B
Ent Value$39.09B
P/E Ratio8.45x
Book Value€14.48
Div YieldN/A
Shares O/S1,348.33M
Ave Daily Vol4,860,000
Short IntN/A

Current

Price€10.27
Market Cap$11.53B
Vivendi Société Anonyme, together with its subsidiaries, is engaged in the content, media, and telecommunication businesses primarily in France and rest of Europe, the United States, Morocco, Brazil, and internationally. The company publishes and distributes premium and thematic pay-TV channels and free-to-air channels in France, Poland, francophone Africa, French overseas territories, and Vietnam; and produces and distributes cinema films in Europe. It is also involved in the sale of recorded music, including physical and digital media; exploitation of music publishing rights; and provision of artist services and merchandising. In addition, the company offers fixed and mobile telecommunication, broadband Internet, and pay-TV. Further, Vivendi provides expert advisory services by phone in France; ticketing services in the United Kingdom; Web ticketing services in France; and subscription video-on-demand service in Germany. The company was formerly known as Vivendi Universal S.A. and changed its name to Vivendi Société Anonyme in April 2006. The company was founded in 1853 and is headquartered in Paris, France.

Please note, this is an update to: Long—Vivendi Société Anonyme (VIV FP), which was originally presented on 9/11/2014.

Publicly traded companies mentioned herein: Vivendi SA (VV FP) and Apple Inc. (AAPL).

Highlights

French conglomerate Vivendi went through an approximate 40 year M&A period wherein it acquired concerns in far-ranging areas including construction, chemicals and water. Toward the end of its M&A binge, Vivendi was principally focused on buying telco and media companies, which now represent the bulk of the company’s operating portfolio following the systematic sale of various businesses over the past year. French industrialist Vincent Bollore became Vivendi’s largest shareholder over that period, and is now the company’s Chairman. A highly successful investor, Vivendi is Bollore’s largest investment ever by a factor of about 3 times. 

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