logo
Plus   Neg
Share
Email

Vivendi Reportedly Raises Stake In Dailymotion To 90%

French media and music company Vivendi SA (VIVEF.PK) increased its stake in the French video platform Dailymotion, now controlling 90 percent stake, media reported Wednesday. Vivendi is said t be determined to make Dailymotion one of its most valuable assets.

Vivendi completed the acquisition of additional 10 percent, while it had bought 80 percent stake in Orange spring. For the additional stake, Vivendi reportedly paid just over 27 million euros, valuing Dailymotion more than 271 million euros.

In Paris, Vivendi shares were trading at 21.76 euros, down 0.44 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
While reporting financial results for the first quarter on Thursday, Biogen Inc. (BIIB) raised its adjusted earnings guidance for the full-year 2021, but maintained revenue outlook. For fiscal 2021, the company raised its adjusted earnings guidance to a range of $17.50 to $19.00 per share from the... While reporting financial results for the first quarter on Thursday, electric utility American Electric Power Co., Inc. (AEP) reaffirmed its fiscal 2021 operating earnings guidance in the range of $4.55 to $4.75 per share. Including special items, estimated earnings would be between $4.56 and $4.76 per... Telecom major AT&T Inc. (T) reported Thursday significantly higher profit in its first quarter with growth in operating revenues that topped market estimates. Service revenues declined, offset by growth in equipment revenues. For the first quarter, net income attributable to common stock climbed 63.8 percent to $7.50 billion from last year's $4.58 billion.
RELATED NEWS
Follow RTT