Vivendi completed the acquisition of a 10.6% stake in Lagardère.

Vivendi, a French media conglomerate, completed the acquisition of a 10.6% stake in Lagardère, a content publishing, production, broadcasting company. Financial terms were not disclosed. This acquisition is a long-term financial investment reflecting Vivendi’s confidence in the future prospects of the French group which enjoys international leadership positions in its businesses and which, like many others, is experiencing difficult times at the moment.