Vivendi's Christmas Shopping Spree
from the we-don't-need-it,-we-do-need-it dept
The Economist has a good look at some of Vivendi’s recent deals. They talk about the basics – how they turned from a 150 year old utility into a huge media company – and more recent deals, like pumping money into EchoStar and buying USA Networks. The interesting thing is that for a while investors had been pushing Vivendi to buy into some form of distribution – and the CEO claimed it wasn’t necessary. And yet… now he has bought into distribution through the EchoStar deal (though that’s partly dependant on them completing the DirecTV merger). So, while it’s possible that these deals all have a greater purpose, not everyone is sure they know where Vivendi’s CEO is going with this.
