Deals
Vivendi Eyes Stake in Trump Partner's Indonesia TV Arm
- French broadcaster competing with Hong Kong fund Argyle Street
- Firms pursue TV operations of largest Indonesian media company
A pedestrian walks past a window display for Vivendi SA in Paris.
Photographer: Balint PornecziThis article is for subscribers only.
Vivendi SA, the French conglomerate backed by billionaire Vincent Bollore, is competing with Argyle Street Management to invest in the television operations of Indonesia’s largest media company PT Global Mediacom, people with knowledge of the matter said.
Vivendi’s broadcasting arm Canal+ is in early talks to spend more than $400 million buying stakes in two units of Global Mediacom, the people said, asking not to be identified because the information is private. It has expressed interest in acquiring roughly half of PT MNC Vision Networks, which controls the group’s listed pay-TV arm and its high-speed internet unit, the people said.