Vivendi Pays $1.4B For Lagardere's Stake In TV Station

Law360, New York (October 28, 2013, 5:18 PM EDT) -- French entertainment giant Vivendi SA has agreed to buy out the Lagardere Group's 20 percent stake in its TV network Canal+ France for about €1 billion ($1.4 billion), the companies announced Monday, laying to rest a long-running battle over the station.

The accord ends the fight between the companies over Lagardere's exit from the pay TV station, which has been ongoing for years. The two had locked horns over Canal+ France's worth in the past and were involved in $2.15 million litigation in February, when Lagardere accused...
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