The supervisory board of Vivendi, led by chairmanship Yannick Bolloré and CEO Arnaud de Puyfontaine, has approved a plan for a split into four companies, with shareholders set to vote on it on Dec. 9. If approved, it will lead to the separation of pay-TV giant Canal+, advertising powerhouse Havas and publishing firm Louis Hachette Group, which consists of the firm’s 66.53 percent stake in Lagardère and full ownership of Prisma Media, from Vivendi.
Source: Vivendi Approves Split Into Four Companies, Sets Shareholder Vote