As the telecom company Free disrupted the mobile landscape in France, employment and investment are at risk in that industry. Vivendi-owned SFR is one of the first to suffer from the ever increasing competition and the union Force Ouvrière announced that SFR is planning 1,500 to 2,000 job cuts. → Read More
The European Commission yesterday granted French entertainment and telecommunication services conglomerate Vivendi approval for its acquisition of Vodafone’s 44% stake in SFR, the company announced this morning. The transaction, which is valued at 7.95 billion euros (roughly $11.5 billion), should be completed in the next few days.
Vivendi will then own 100 percent of SFR, a French mobile phone… → Read More
French media conglomerate Vivendi this morning reported financial results, posting a decline in full-year profit but beating estimates because the net loss was much narrower than expected. You can read more analysis of the media and entertainment giant’s performance elsewhere, but there was a particular passage in the press release regarding Vivendi’s music subsidiary, Universal Music Group, that… → Read More
http://videomedia.ign.com/ev/ev.swf I won’t go into all the gory details, but here’s a quick recap. Monolith and Sierra pushed out F.E.A.R. in 2005, but Monolith was acquired in 2004 by Warner Bros. and Sierra kept the rights to the F.E.A.R. franchise. Sierra was supposed to make the sequel with another publisher, which never transpired while Monolith and WB announced Project Origin. → Read More
In a decision last week a Delaware court rejected a request by the Wayne County Employees’ Retirement System for a preliminary injunction against the proposed Vivendi-Activision merger. Though the decision is a score for the continuation of the companies’ plans, game fans will be impressed by the judge’s reasoning. Known for his pop culture savvy, William Chandler III, chief judge of the… → Read More
I wish. Actually, these two big boys merged to create the decidedly more predictable and tame-sounding “Activision Blizzard,” which sounds a lot like a spell you might cast in D&D. The deal, worth a reported $18.9 billion dollars, with Vivendi ending up with a 52 percent stake. This seems strange considering its franchise contributions were the colossally unhip Crash Bandicoot and… → Read More
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