Reginal Thomas
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Vivendi Buys Canal Plus From Lagardere

Vivendi Sa has come to an agreement with Lagardere to buy their television unit, Canal Plus for $1.02 euros. The cash transaction gives Vivendi a 20 percent holding in Canal Plus. Lagardere and Canal Plus will still work together in program production and the publishing and distribution of TV channels.

With this acquisition Vivendi will boosts its earning per share by 5%. Aside from Canal Plus, Vivendi also holds big stakes in Universal Music Group, and a Brazilian Internet unit GVT.