Bloomberg News

Vivendi Said to Be in Talks for Stake in Poland’s TVN

October 27, 2011

Oct. 27 (Bloomberg) -- Vivendi SA is in talks to take a stake in Polish broadcaster TVN SA from its controlling shareholder ITI Holdings SA, a person with knowledge of the matter said.

Vivendi, the media company based in Paris, might initially take a stake smaller than ITI’s 56 percent holding, and gradually purchase all of its shares, the person said, declining to be identified because the talks are private. Vivendi and its Canal Plus broadcasting unit are acting alone in the Polish discussions, the person added.

A representative of Vivendi declined to comment. ITI declined to comment on whether the negotiations include the sale of the 56 percent stake.

--Editors: Chris V. Nicholson, Julie Alnwick

To contact the reporters on this story: Matthew Campbell in Paris at mcampbell39@bloomberg.net; Maciej Martewicz in Warsaw at mmartewicz@bloomberg.net; Marta Waldoch in Warsaw at mwaldoch@bloomberg.net

To contact the editors responsible for this story: Jacqueline Simmons at jackiem@bloomberg.net; Kenneth Wong at kwong11@bloomberg.net


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus