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New Deal


Announced

Completed

Vivendi completed the acquisition of an 8.5% stake in Progressif Media from ZeWatchers.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For9%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Acquisition

Completed

public relations

France

Single Bidder

Friendly

Minority

Publishing

Domestic

Synopsis

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Vivendi, a French media conglomerate, completed the acquisition of an 8.5% stake in Progressif Media, a digital communication group, from ZeWatchers. Financial terms were not disclosed. ZeWatchers will own a 30% stake in the company while the three Progressif Media founders, Emile Duport, David Bonhomme and Thomas Ghys, will retain 60% of the company.

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