Vivendi Acquires 60 Percent Stake in Havas for $2.5 Billion

Variety: Vivendi, the parent company of Universal Music Group and Canal Plus, has acquired a 60% stake in Havas, a leading advertising and communication group, from Bolloré Group for 2.3 billion euros ($2.5 billion). The deal valued Havas, which is believed to be the world’s sixth biggest advertising and communication group, at a premium 9.25 euros a share.