Vivendi (VIVHY) is considering options for its EUR 1.3B, or $1.4B stake in former phone monopoly Telecom Italia (TIAOF) as billionaire Vincent Bollore explores a reorganization of the French conglomerate, Bloomberg’s Benoit Berthelot, Daniele Lepido, and Tommaso Ebhardt report, citing people familiar with the matter. The French company has spoken with advisers as it evaluates potential options including a sale of the 24% holding, according to the people. A sale could be part of a broader overhaul at Vivendi, which said Wednesday it’s considering splitting into three parts – pay-TV business Canal+; advertising and communications branch Havas; and a holding company with listed and unlisted stakes in culture, media and entertainment, the authors note.
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