Canal Plus Eyes BSkyB Slice.
Multichannel News, June, 1999 by BROCKMEYER, DIETER
Mighty France-based pay TV company Canal Plus S.A. is about to become the second-largest shareholder in direct-to-home platform British Sky Broadcasting Group plc. This would happen as a result of the recently announced merger of French media and industrial conglomerate Vivendi S.A. and media group Pathe S.A.
The deal would give Canal Plus, which is 34 percent owned by Vivendi, a 17 percent stake in BSkyB, making it a major shareholder behind News Corp., which owns 40 percent.
Vivendi already owns 29.88 percent of Pathe and is the largest shareholder in Canal Plus. After the merger, Vivendi's stake in Pathe will grow to about 40 percent, and Vivendi will take full control of Pathe's 17 percent stake in BSkyB.
Vivendi plans to pass the...
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