Benoit Berthelot

French media conglomerate Vivendi SE can go ahead with a plan to spin off three multibillion-euro units next week, after shareholders voted to approve the operation at a general meeting in Paris on Monday.

(Bloomberg) -- French media conglomerate Vivendi SE can go ahead with a plan to spin off three multibillion-euro units next week, after shareholders voted to approve the operation at a general meeting in Paris on Monday.

Canal+, the French pay-TV business being split off from Vivendi SE by billionaire Vincent Bolloré, started trading in London in the first test of a spinoff plan aimed at boosting the value of the businesses.

CVC Capital Partners Plc is exploring a potential purchase of Vivendi SE’s stake in Telecom Italia SpA, people with knowledge of the matter said, which could pave the way for a potential takeover of Italy’s biggest telecommunications company.

French luxury group LVMH has acquired a historic villa in Cannes, France, for around €50 million ($52.7 million), to showcase its brands during the city’s star-studded festivals, people familiar with the matter said.

Volkswagen AG and labor leaders are moving closer to an agreement to restructure the automaker's namesake brand without shuttering factories in Germany, according to people familiar with the matter.

Patrick Drahi has transferred his official residency to Israel, signaling a departure from the telecom billionaire’s longstanding base in Switzerland as he turns his focus to the Middle East.

Ubisoft Entertainment SA hired advisers to review “transformational” strategic options as the French video game company grapples with disappointing sales and game delays.

(Bloomberg) -- Ubisoft Entertainment SA fell the most since September after the French video-game company announced another delay in its popular