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Vivendi Denies Sky Takeover Plans

The French media group Vivendi has firmly denied that it is considering a takeover bid for Sky, leaving open the question of how it will use its multibillion-euro war chest as it prepares for a crunch meeting with investors next week. As well as the denial from Vivendi, which is in the midst of a battle with an activist shareholder, talk of a combination of its own pay-TV operation, Canal Plus, and Sky drew scepticism from analysts. Assuming a 20pc premium, the British company would cost more than GBP26bn.

Read the whole story at The Telegraph »

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