Vivendi faces reduced rating as takeover hopes fade
AlphaValue downgrades Vivendi from Buy to Reduce after ruling out a potential Takeover by Bolloré, which removes the prospect of a rapid closing of the Discount Gap. Additional governance concerns lead to sizeable valuation adjustments across NAV and DCF methods.
Published on 11/20/2025
at 04:33 pm GMT - Modified on 11/20/2025
at 03:55 pm GMT
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Vivendi SE is a major player in the content, media and entertainment industries. Vivendi's portfolio of assets includes interests in the following listed and unlisted companies:
- Gameloft (100%-owned): a world leader in console, PC and mobile video games;
- Universal Music Group (9.94%-owned): world leader in music;
- Banijay (19.21%-owned): leading content producer and independent online sports betting company;
- TIM (23.75%-owned): leading Italian telecommunications company with a presence in Brazil;
- MediaForEurope (19.78%-owned): European leader in television, audiovisual production and the Internet;
- Telefónica (1.04%-owned): leading telecommunications company in the Spanish- and Portuguese-speaking markets;
- Prisa (11.87%-owned): leader in media and education in Spain and the Spanish-speaking world.
On December 13, 2024, Vivendi SE completed its demerger, with the deconsolidation of the companies Canal+, Louis Hachette Group (comprising 66.53% of Lagardère and 100% of Prisma Media) and Havas.
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