Analysts said that the French media, telecoms and utilities group had called them to a Tuesday meeting to detail the expected takeover of Seagram by Vivendi and its 49-percent-owned pay TV unit Canal Plus.
Vivendi boss Jean-Marie Messier said on the sidelines of a separate Internet-related event on Monday that the Vivendi and Canal Plus boards had unanimously approved plans for a merger. He declined further comment ahead of the outcome of a Seagram board meeting.
The three firms are expected to hold a joint news conference in Paris on Tuesday.
THIS HITS PHOTO GALLERY IS WANDERING IN THE DESERT
Photographic proof of the weaselfest (4/15a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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