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Vivendi–Seagram Deal

In: Wealth Creation in the World’s Largest Mergers and Acquisitions

Author

Listed:
  • B. Rajesh Kumar

    (Institute of Management Technology)

Abstract

On December 2000, Vivendi Universal was created with the merger of Vivendi, Canal+ television networks, and Seagram’s media assets which included Universal Studios. The all-stock deal was valued at $33.7 billion. The new company was named as Vivendi Universal. Vivendi offered two of its shares for every share of Canal+ that it does not already own. The deal was valued at $10.9 billion for the 51% stake. The merger led to the combination of Seagram’s film and music segments with Vivendi’s cable, satellite, and Internet systems. The merger created an international media and entertainment powerhouse with assets ranging from movies to theme parks and publishing. In the year 2007, Vivendi merged its game publishing unit with Activision in a $18.8 billion deal to form the merged company, Activision Blizzard. The cumulative returns for Vivendi were negative in all the time window period of analysis. The cumulative return for the 254-day period surrounding the merger announcement was approximately 39%.

Suggested Citation

  • B. Rajesh Kumar, 2019. "Vivendi–Seagram Deal," Management for Professionals, in: Wealth Creation in the World’s Largest Mergers and Acquisitions, chapter 43, pages 343-348, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-030-02363-8_43
    DOI: 10.1007/978-3-030-02363-8_43
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