Vivendi has sold all its stake in NBC Universal for a total of $5.8 billion
Paris, January 26, 2011
Vivendi has sold all its stake in NBC Universal
for a total of $5.8 billion
Vivendi has concluded, on January 25, 2011, the sale of the remainder of its stake in NBC Universal, a 12.34% stake, for $3.8 billion to GE.
Vivendi has sold its whole 20% stake in NBC Universal for a total cash amount of $5.8 billion, excluding dividends ($390 million between January 2010 and January 2011), in accordance with the December 2009 agreement between Vivendi and GE.
Commenting on the sale, Jean-Bernard Lévy, CEO of Vivendi, stated: “We are very satisfied that our strategic objective to exit NBC Universal has been completed. We wish all parties well in their new venture. Vivendi now has control of all its assets and is fully focused on pursuing its profitable growth strategy”.
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 Group), the leading alternative telecoms provider in Brazil (GVT) and the French leader in Pay TV (Canal+ Group).
In 2009, Vivendi achieved revenues of €27.1 billion and adjusted net income of €2.6 billion. With operations in 77 countries, the Group has over 49,000 employees.
Forward Looking Statements. This press release contains forward-looking statements with respect to Vivendi`s financial condition, results of operations, business, strategy and plans. Although Vivendi believes that such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside our control, including but not limited to the risks described in the documents Vivendi has filed with the Autorité des Marchés Financiers (French securities regulator) and which are also available in English on our web site (). Investors and security holders may obtain a free copy of documents filed by Vivendi with the Autorité des Marchés Financiers at www.amf-france.org, or directly from Vivendi. The present forward-looking statements are made as of the date of this press release and Vivendi disclaims any intention or obligation to provide, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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