I have been a bull on Vivendi (OTCPK:VIVHY) shares since they made fresh decade lows in April 2012 after investor capitulation regarding Vivendi's convoluted business structure.
Over the last few months, Vivendi has finally made progress with respect to executing on its strategic review to simplify its business, including the sale of a majority stake of its Activision Blizzard (NASDAQ:ATVI) holdings, the sale of its African telecom business and the potential demerger of SFR, its French telecom unit from the rest of the group.
That leaves the "NewCo" a more focused media and entertainment business, with Universal Music Group (music), Canal+ (film and television assets) and GVT (a Brazilian pay-TV and broadband internet provider) being...
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