Vivendi Board Approves Split Into Four Companies, Sets December Shareholder Vote
Under the leadership of Yannick Bolloré as chairman and Arnaud de Puyfontaine as CEO, Vivendi’s board has endorsed a four-way division plan. This proposal will be put to a shareholder vote on December 9th. If it passes, Vivendi will undergo a separation process, splitting off Canal+ (a major pay-TV company), Havas (an advertising heavyweight), and the Louis Hachette Group (which includes its 66.53% stake in Lagardère and complete control over Prisma Media) from the main Vivendi conglomerate.