Vivendi: Flush With Cash And Focused On Media/Content
- Vivendi is flush with cash and owns a 5% stake in music streaming service, Spotify. The company just transferred its 13% Beats stake to Apple for $409 million.
- Vivendi is now a more focused business in media/content - Universal Music and Canal Plus -- after shedding its telecom assets, including recent bidding war for GVT.
- The company could receive a multiple re-rating in line with a global media peer group.