Vivendi's French Connection
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French conglomerate wants to build its presence in domestic telecom market, confirming talks.
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Vivendi Universal on Thursday sold a 15 per cent stake in its former water subsidiary Veolia Environnement, raising about â¬1.5bn for the French group to pay back debt and tighten its focus on media and telecommunications.
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Vivendi Universal will create 2,100 jobs over five years as part of a deal agreed with the French government allowing the French media and communications group to book tax credits under a new regime, the French finance ministry said.
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Vivendi&#39;s recovery is almost complete, the French media and telecommunications giant declared Tuesday, despite a massive second-quarter net loss bloated by the effects of the weaker US dollar.
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French media conglomerate Vivendi is  still trying to carve out an entry into Germany's largest  pay-tv broadcaster Premiere, according to a European television  industry newsletter, New Media Markets.
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EUROGAMER is reporting that Vivendi has informed its retail partners this week of the release dates for the long-awaited Half-Life 2, putting to bed speculation that the court case currently ongoing between Vivendi and Valve would delay the games release
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France's largest media company, Vivendi  Universal, raised its 2004 earnings forecast as it reported a  19 percent increase in third-quarter underlying operating  profit, buoyed by a rebound in music and strong mobile phone  sales.
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You&#39;d think that after the disaster Jean-Marie Messier created at Vivendi (NYSE: V) by overhyping the prospects of an aging French water utility, no executive would ever again resort to lying about his company&#39;s prospects.
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European Union regulators have asked France to provide details of a tax deal with entertainment and telecommunications giant Vivendi Universal to ensure it complies with EU rules on state aids, the EU said Friday.
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Former Vivendi Universal chief executive Jean-Marie Messier was questioned by the French financial markets regulator over alleged embezzlement in 2001 and 2002.
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Electronic ArtsÂ interest in buying up a piece of Ubisoft draws an arrow on the odd paradoxes of the video game industry in France.
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French regulators fined Vivendi Universal  EAUG.PA and former Chief Executive Officer Jean-Marie Messier  1 million euros ($1.34 million) each on Tuesday after a probe  into allegations that they misled investors when a costly media  acquisition spree went wrong.
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French media and telecoms group Vivendi  posted on Wednesday an 18 percent rise in adjusted full-year net profit in line with forecasts, pulled by Maroc Telecom and its games, French mobile and pay-TV units.
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European Union regulators have asked France to provide details of a tax deal with entertainment and telecommunications giant Vivendi Universal to ensure it complies with EU rules on state assistance to companies, the EU said Friday.
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Vivendi Universal and its former chief executive Jean-Marie Messier have each been fined 1m euros ($1.3m; Â£690,000) by French regulators.
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French group Vivendi Universal, the world's largest media conglomerate, announced it had acquired a majority stake in the profitable Moroccan operator Maroc Telecom, confirming its strategy of focussing on telecommunications.
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Vivendi fourth-quarter sales rose 1.2  percent as buoyant trading at its Maroc Telecom and in video  games helped compensate declines at its music and French mobile  businesses.