French Court Rules Bolloré Did Not Control Vivendi, Averting Multi-Billion Buyout
By
Elsa Keslassy
Summary
Paris's Court of Appeal ruled that Vincent Bolloré and his holding company Bolloré SE did not control Vivendi at the time of the media conglomerate's 2024 overhaul, removing the threat of a mandatory buyout offer that analysts estimated could cost between €6 billion and €9 billion. The ruling is a significant legal victory for Bolloré, whose influence over France's media landscape through assets like CNews, Europe 1, and Hachette has faced increasing scrutiny.
Source
VarietyFrench Court Rules Bolloré Did Not Control Vivendi, Averting Multi-Billion Buyoutvariety.comKey quotes
· 3 pulledParis's Court of Appeal handed Vincent Bolloré a major legal victory on Wednesday, ruling that the French billionaire and his holding company Bolloré SE did not control Vivendi at the time of the media conglomerate's 2024 overhaul.
The decision removes, for now, the threat of a mandatory buyout offer analysts had estimated could cost between €6 billion and €9 billion.
The ruling is a significant win for Bolloré, whose influence over France's media landscape has drawn mounting scrutiny in recent years through assets linked to CNews, Europe 1, the Journal du Dimanche and the Hachette publ
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