Wednesday, June 26, 2019

LIBERTY MEDIA WINS $950 MILLION IN LAWSUIT AGAINST VIVENDI

June 26, 2012 by · Leave a Comment 

John Malone’s Liberty Media company has prevailed in a lawsuit against the French media company Vivendi and has been awarded nearly $1 billion by a U.S. federal court. Liberty had claimed that Vivendi kept it in the dark about its financial condition when it sold USA Networks and other assets to Vivendi for stock in […]

VIVENDI SELLS ITS LAST STAKE IN UNIVERSAL

January 27, 2011 by · Leave a Comment 

French conglomerate Vivendi is now out of the Hollywood studio business. In 2004, it sold 80 percent of Universal Studios and its cable networks, including USA and what is now SyFy, to NBC for $14 billion. On Wednesday it completed its sale of the remaining 20 percent of the company for $5.8 billion, allowing NBC […]

FORMER VIVENDI CHIEF CONVICTED

January 21, 2011 by · Leave a Comment 

In a surprise verdict, a French court ruled today (Friday) that former Vivendi CEO Jean-Marie Messier had misappropriated company funds and misrepresented the financial condition of the company when he went on a $77-billion acquisition binge in 2000 that included bringing Universal Pictures and Universal Music under the Vivendi umbrella. The conviction came despite the […]