Vivendi Universal will start trading in Paris and New York on Monday.
Today's vote in Paris follows approval votes on Tuesday (12/5) by Seagram and Vivendi shareholders. Vivendi is paying $30.2 billion for Seagram. With the acquisition of Canal Plus, Vivendi Universal's media holdings are a trifecta of film, music and television, including 14 million European pay-TV subscribers, Universal Studios and Universal Music. They also own some bitchin' water-treatment and waste-management operations.
French regulators required that Vivendi give control of Canal Plus' French subscribers to Canal Plus Programmes, which is only 49% Vivendi-owned. Canadian regulators approved the merger as well. The Federal Trade Commission did not have to approve the deal because those sneaky Frenchmen are, well, French and thus don't need our approval.
GRAMMY CHEW: THE FUTURE OF GRAMMY IS (MOSTLY) FEMALE
There's no glass ceiling in pop. (10/4a)
ERLICH TO EXIT SPOTIFY FOR TBA VENTURE
One of the good guys is changing lanes. (10/2a)
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THE GRAMMY SHORT LIST
Who's already a lock?
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
ALL THE WAY LIVE
The players, the tours, the enormous beers.
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