The CEO of Vivendi is set to step down over disagreements with the board of directors on strategy.
http://www.reuters.com/article/2012/06/28/us-vivendi-idUSBRE85R0L720120628
The above article speculates that this could mean some kind of spin off or asset sale of Vivendi’s assets. Here is my original article on Vivendi.
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Vivendi: Extremely Undervalued, Long-Term Winner Could Unlock Value Through Spin-Off Or Asset Sale
Vivendi (OTCPK:VIVHY) combines the world leader in video games (Activision Blizzard), the world leader in music (Universal Music Group), the French leader in alternative telecommunications (SFR), the Morrocan leader in telecoms (Maroc Telecom), the leading alternative broadband operator in Brazil (GVT), and the French leader in pay-TV (Canal+ Group). The previous information was taken from its website. I will get to further descriptions of the subsidiaries later.
For a discussion of the unsponsored Vivendi ADR , versus the foreign listing of Vivendi (OTCPK:VIVEF), view the comments on this article.