Vivendi to acquire a 7.6% stake in PRISA.

Vivendi, a French media company, agreed to acquire a 7.6% stake in PRISA, a Spanish media and education company. Financial terms were not disclosed. Buying shares in PRISA is part of Vivendi’s ongoing strategy to become a global leader in content, media and communications, while extending its access to the Spanish-speaking markets in Europe, Latin America and US Hispanics. "PRISA welcomes the investment of an industrial shareholder such as Vivendi, one which recognizes the value and the potential of PRISA's assets and brands. Vivendi's investment provides the strength and security necessary for PRISA's future project and endows it with an important new ally to successfully see those plans through," Joseph Oughourlian, PRISA Chairman.