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. Last Updated: 07/27/2016

Vivendi in $2Bln Deal




ROME -- Vivendi SA of France is to acquire Pathe SA, France's biggest film production and distribution company, for $2 billion in stock, in a complex deal that promises to push forward the consolidation already under way in the European television business.


The deal, announced Monday in Paris, tightens Vivendi's grip on Canal Plus, its television affiliate, and gives it a 17 percent stake in British Sky Broadcasting, the television company controlled by Rupert Murdoch's News Corp.


The deal raised speculation that there might be an attempt to restart negotiations to merge Canal Plus and BSkyB, the two largest pay-for-view television companies in Europe, which broke down earlier this year.