The marriage of Vivendi and Havas has been consummated.
The parties confirmed Monday that Vivendi’s acquisition of the roughly 60% stake that Bollore Groupe holds in Havas has been finalized.
The deal, valued at approximately $2.5 billion, was unveiled in May. It was not unexpected, as Bollore Group controls both entities and has pushed for greater cooperation between the two firms for some time.
Now that the deal is done, Vivendi confirmed it will launch a tender offer for the remaining Havas shares.
Havas said its first-half first financial results will be published on August 25. That's when the Havas board will meet to review the proposed new board members to represent Vivendi.