Vivendi SA shareholder Vincent Bollore will replace Chairman Jean-Rene Fourtou, who led the former French utility for more than a decade, when it completes a separation of telecommunications business from media assets.
Pearson Plc shares have lagged behind peers since hitting a 12-year high in July as a restructuring at the publisher of everything from textbooks to Tom Clancy’s thrillers failed to convince investors of its digital strategy.
Rupert Murdoch said last week he regretted the 1994 initial public offering of British Sky Broadcasting Group Plc, which reduced News Corp.’s control. Now its remaining 39 percent holding in the U.K.’s biggest pay-TV company may be slipping further from his grasp.
Activision Blizzard Inc., the video- game company put on the block by majority shareholder Vivendi SA, gave Co-Chairman Brian Kelly a new contract that pays him a bonus of $15 million or more if the company gets bought.
For potential bidders circling EMI Group Ltd., the takeover of Warner Music Group Corp. may have doubled the price tag for the money-losing music label that was seized by its creditor just six months ago.
Vivendi SA Chairman Jean-Rene Fourtou pledged a full strategy review to convince investors the telecommunications-to-media company can see through asset sales to refocus its business a year after first saying he’d do so.