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Vivendi says it owns 80% of Canal Plus

February 24, 2010

Vivendi has declared it now owns 80 per cent of Canal Plus France, after acquiring a 5.1 per cent stake in the television channel for E384.2 million from French broadcaster M6-Metropole Television. Vivendi confirmed it plans to buy out minority shareholders in Canal Plus France and that an expert evaluation is being carried out to determine whether an additional amount is due. The impact of this transaction had already been taken into account in Vivendi's debt, the company said.

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