Bouygues SA, the construction and telecommunications group led by Martin Bouygues, offered 10.5 billion euros ($14.4 billion) in cash for Vivendi SA’s SFR unit, setting up a bidding war with billionaire Patrick Drahi and potentially creating a phone carrier to rival Orange SA.
Numericable SA and its shareholder Altice SA have got nine banks to arrange more than 8 billion euros ($11 billion) of debt to fund a proposed bid for Vivendi SA’s telecommunications unit SFR, according to two people familiar with the matter.
Vevo LLC, the online service partly owned by the world’s two biggest record companies, streamed a third more music videos in 2013, with the pop star Pink’s “Just Give Me a Reason” the most-viewed clip.
Daft Punk, the electronic music duo from France, won five Grammy awards including album of the year, while Macklemore & Ryan Lewis took home four trophies and led an industry show of support for gay marriage.
Rivals and customers of Vivendi SA’s Universal Music Group were asked by European Union regulators whether the company’s acquisition of EMI Group’s recorded music business would allow it to increase prices.
Vivendi SA’s Universal Music Group, the world’s biggest record company, agreed to sell the label of Black Sabbath, Iron Maiden and Megadeth to BMG Rights Management as part of disposals required by regulators.
Vivendi SA, preparing a spinoff of its French phone business SFR, is also weighing a possible sale of the unit to cable provider Numericable Group SA and its biggest investor Altice, people familiar with the matter said.
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.
The U.S. Federal Trade Commission should scrutinize carefully whether Citigroup Inc.’s proposed sale of EMI Group’s music and publishing assets would hurt competition in the music industry, an advocacy group said.