Vivendi CFO: Company Eyeing Exit From NBCU

By Andrew Gauthier 


Vivendi could exit from U.S. media group NBCU Universal as it has no intention to be part of the future joint venture being discussed by Comcast and General Electric, its chief financial officer said on Thursday.

Philippe Capron also told the Morgan Stanley Media & Telecoms conference that selling its 20 percent stake in NBCU would give Vivendi “additional financial headroom” after it gained control of Brazil’s telecoms operator GVT last week.

“We are not interested in staying onboard a new GE-Comcast ownership of NBCU … we will exit and it will give us more headroom,” Capron said, adding “We are not there yet.”

Capron later told Reuters on the sideline of the conference: “We have never been closer to the end of this story.”

But Vivendi’s board had made no decision on the matter, he said. More…