July 24, 2001 |
French media company Vivendi Universal, citing better results at its telecom, television and film units, reported strong gains in revenue and pretax profit in a preliminary earnings report, putting it on track to meet financial forecasts. Vivendi reported a 57% rise in earnings, before interest, tax, depreciation and amortization, to $1.14 billion. Profit at its film and TV unit nearly tripled, thanks to the success of "The Mummy Returns."
July 14, 2001 |
To help build its image and identity in the U.S. market, French media giant Vivendi Universal is turning to a storybook character: Curious George. The mischievous primate of children's books has been making prominent appearances in full-page newspaper ads across the country in the last two weeks. The ads tout Vivendi Universal's acquisition of book publisher Houghton Mifflin, which publishes the Curious George books.
July 10, 2001 |
Vivendi Universal, Europe's biggest media company, said it owns about 90% of Houghton Mifflin Co. following its offer of $1.7 million in cash and assumed debt of $500,000 for the U.S. educational publisher. The French company said on June 1 it would offer $60 a share, and take on assumed debt from the Boston-based textbook publisher.
June 29, 2001 |
Vivendi Universal offered to buy the shares it doesn't own of StudioCanal, valuing its film production unit at $1.3 billion. Vivendi, which already owns about 86% of StudioCanal, offered $12.25 for each StudioCanal share, or 26% more than Wednesday's closing price.
June 7, 2001 |
Vivendi Universal, Europe's largest advertising company, said it sold its 9.9% stake in Havas Advertising to institutional investors for 453 million euros ($384 million). The company said the sale would generate a one-time profit of 113 million euros. Vivendi Universal sold its stake in the No. 5 advertising company to help fund its $2.2-billion acquisition of Houghton Mifflin Co.
June 2, 2001 |
Strengthening its presence in the U.S., Vivendi Universal, Europe's largest media company, agreed Friday to acquire Houghton Mifflin Co., one of the nation's last major independent book publishers, for $1.7 billion. The purchase of the world's fourth-largest educational publisher catapults Vivendi, which ranks fifth in the world in publishing, into the No. 2 spot after Pearson. The purchase is the latest U.S.