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Elsa Keslassy
International Correspondent
@elsakeslassy See All
Courte Paris’s Court of Appeal handed Vincent Bolloré a major legal victory on Wednesday, ruling that the French billionaire and his holding company Bolloré SE did not control Vivendi at the time of the media conglomerate’s 2024 overhaul. The decision removes, for now, the threat of a mandatory buyout offer analysts had estimated could cost between €6 billion and €9 billion.
The ruling is a significant win for Bolloré, whose influence over France’s media landscape has drawn mounting scrutiny in recent years through assets linked to CNews, Europe 1, the Journal du Dimanche and the Hachette publishing house. It also comes as Canal+, the pay-TV group spun off from Vivendi as part of the break-up, continues its international expansion, including the recent acquisition of South African broadcaster MultiChoice.
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