{"id":4966,"date":"2013-10-29T00:00:00","date_gmt":"2013-10-29T00:00:00","guid":{"rendered":"http:\/\/worldscreen.com\/tveurope\/2013\/10\/29\/lagarda%c2%a8re-vivendi-agree-to-canal-deal\/"},"modified":"2013-10-29T00:00:00","modified_gmt":"2013-10-29T00:00:00","slug":"lagarda%c2%a8re-vivendi-agree-to-canal-deal","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tveurope\/2013\/10\/29\/lagarda%c2%a8re-vivendi-agree-to-canal-deal\/","title":{"rendered":"Lagard\u00c3\u00a8re & Vivendi Agree to Canal+ Deal"},"content":{"rendered":"

\n\tPARIS: The French media group Lagardère has reached a deal with Vivendi to sell its 20-percent stake in Canal+ France for 1.02 billion euros ($1.4 billion).<\/p>\n

\n\tThe agreement, which will be submitted to the appropriate works councils, puts an end to all disputes between the two groups. The two have been embroiled in a battle over how to buy out Lagardère's minority stake for years.<\/p>\n

\n\tIn 2011, Lagardère had exercised an option to sell its minority stake in an initial public offering after failing to agree to a selling price with Vivendi. Lagardère later canceled the IPO. In February, Lagardère filed a lawsuit against Vivendi saying that the company had been trying to deliberately diminish the value of Canal+ France to force Lagardère to drop its plan to sell its stake.<\/p>\n","protected":false},"excerpt":{"rendered":"

PARIS: The French media group Lagardère has reached a deal with Vivendi to sell its 20-percent stake in Canal+ France for 1.02 billion euros ($1.4 billion). The agreement, which will be submitted to the appropriate works councils, puts an end to all disputes between the two groups. The two have been embroiled in a battle …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-4966","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"\nLagard\u00c3\u00a8re & Vivendi Agree to Canal+ Deal<\/title>\n<meta name=\"description\" content=\"Lagard\u00c3\u00a8re & Vivendi Agree to Canal+ Deal . PARIS, October 29: The French media group Lagard\u00c3\u00a8re has reached a deal with Vivendi to sell its 20-percent stake in Canal+ France for 1.02 billion euros ($1.4 billion). . 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