Vivendi Strongly Denies Company Break-Up Rumors

April 27, 2012 -

Today Vivendi strongly denied a report from Bloomberg on Wednesday that the company was considering a major reorganization of its various properties. Bloomberg reported earlier this week that the Paris-based conglomerate was discussing the possibility of splitting the company into two parts. One part would include its Universal Music Group and video game company Activision Blizzard. Bloomberg reported this based on sources "with knowledge of the matter."

"Vivendi learned with stupefaction of the claims made by Bloomberg in a story published tonight about its strategy," a Vivendi spokesman said. "Vivendi vigorously denies all the assertions in the story, which are unfounded and based on anonymous sources."

Bloomberg spokesman Ty Trippet told Reuters that the company stands by its report.

Source: Blues News


 
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