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French media company Vivendi is exploring a potential breakup of its business, which includes advertising network Havas and TV network Canal+ Group, in a bid to fuel growth.
The company, led by chairman Yannick Bolloré, announced that it is exploring splitting its various interests following the listing of Universal Music two years ago.
Known as one of “The Big Six” agency groups, Havas is also run by chairman and CEO Yannick Bolloré. It currently employs more than 23,000 people across 100+ countries, and it reported revenue of €686 million ($751 million) for the third quarter of 2023, up 3.2%
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