Canal+ is set to debut on the London Stock Exchange, marking the largest new listing in two years, with a projected market value of €6bn. The move, seen as a vote of confidence in the UK capital markets, comes as Vivendi spins off its media assets, including StudioCanal. The listing aims to bolster Canal+'s ambitions to compete with major streaming services like Netflix and Disney+.
Vivendi SE's plan to split into four companies is facing significant challenges, diminishing investor expectations. Dominant shareholder Vincent Bolloré's strategy to separate assets, including Canal+, Havas, and Louis Hachette, risks solidifying his control amid the turmoil.
French billionaire Vincent Bolloré's plan to split Vivendi SE into four parts to enhance its value has not succeeded, with shares plummeting 16% since the announcement in late 2023. The stock has fallen to its lowest level in a year, leading to skepticism among investors about the effectiveness of the breakup in addressing the conglomerate discount.
Billionaire media moguls Bernard Arnault, Vincent Bolloré, and Rodolphe Saadé have invested in France’s oldest journalism school, ESJ Paris, raising concerns about editorial independence. Critics argue that the school may become a tool for biased journalism, given the owners' controversial media practices. The investment aims to enhance journalism education, particularly in economic reporting, amidst fears of increasing media concentration in the hands of a few wealthy individuals.
Yannick Bolloré, son of billionaire Vincent Bolloré, is set to become chairman of three of Vivendi SE’s four units following the company's planned split. Currently the chairman of Vivendi’s supervisory board and advertising group Havas, he will also lead pay-TV company Canal+ if shareholders approve the move on December 9.
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