Vivendi Will Appeal to Overturn Jury Verdict

Published on

Paris, June 25, 2012

Vivendi Will Appeal to Overturn Jury Verdict

Vivendi announced today that it strongly disagrees with the decision returned on June 25, 2012 by a jury in a lawsuit filed by Liberty Media Corporation and certain of its subsidiaries before the U.S. District Court for the Southern District of New York. The Group intends to pursue all available paths of action to overturn the verdict or reduce the damages award.

The jury limited the damages Vivendi may be required to pay to 765 million euros.

Vivendi believes that there are many grounds for appeal and continues to believe strongly that it did nothing wrong and will continue to vigorously defend itself in any subsequent appellant proceedings.

 

About Vivendi Vivendi is at the heart of the worlds of content, platforms and interactive networks. Vivendi combines the world leader in video games (Activision Blizzard), the world leader in music (Universal Music Group), the French leader in alternative telecoms (SFR), the Moroccan leader in telecoms (Maroc Telecom), the leading alternative broadband operator in Brazil (GVT) and the French leader in pay-TV (Canal+ Group). In 2011, Vivendi achieved revenues of €28.8 billion and adjusted net income of €2.95 billion. The Group has over 58,300 employees. www.vivendi.com


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