What is Vivendi scandal?

What is Vivendi scandal?

Vivendi — whose holdings currently include Universal Music Group, Gameloft video game producer and cable network Canal+ — was accused of providing fraudulent information to shareholders between 2000 and 2002 in the trial held Tuesday in the Paris commercial court.

How Messier kept cash crisis at Vivendi hidden for months?

Messier included the cash flow of units in which Vivendi owned less than a 50% stake, notably Cegetel, of which Vivendi owned only 44%. While not a violation of French or U.S. accounting standards, this approach overstated how much cash Vivendi could tap for such purposes as reducing debt.

What do you think are the reasons behind the various crises of Vivendi after 2002?

after 2002?

  • Drop the Valuations. The Telecome and Internet industries suffered severe drops in their overall valuations.
  • Lowerd Earnings. The slump in share price theatende to create a cash crisis for Vivendi.
  • Cultural Blunder.
  • Several other decision.

Is Vivendi a good stock to buy?

Consensus Rating. Vivendi has received a consensus rating of Buy. The company’s average rating score is 2.85, and is based on 11 buy ratings, 2 hold ratings, and no sell ratings.

Who owns Vivendi Music Group?


Vivendi’s headquarters in Paris
Owner Bolloré (27% equity, 30% voting power)
Number of employees 35,911 (2021)
Subsidiaries Groupe Canal+ Vivendi Village Gameloft Dailymotion Editis Havas Prisma Media
Website www.vivendi.com

What statement was made by the CEO of Vivendi Universal on November 20 2009?

NEW YORK, Nov 20 (Reuters) – Former Vivendi CEO Jean-Marie Messier told a U.S. jury he “never, never, never” committed fraud as he took the stand on Friday in a civil trial pitting international shareholders against the French conglomerate and former top executives.

Does Vivendi still exist?

As of 20 March 2018, Vivendi has sold all its shares in Ubisoft and Tencent has bought in in their place.