Vivendi Pays $775M To Liberty Media To Settle Dispute
Source: BFW (Bloomberg First Word)
Tickers
VIV FP (Vivendi SA)
LMCA US (Liberty Media Corp)
1070L US (United States District Court for the Northern District of New York)
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UUID: 7947283
(Bloomberg) -- Vivendi says agreed with Liberty Media on a settlement regarding the lawsuit filed by Liberty Media in March 2003 in U.S. District Court for the Southern District of New York, related to the formation of Vivendi Universal Entertainment in May 2002.
Alert: HALISTER- Co. says agreement will lead Vivendi to record a reversal of provision of about EU245m in 2016
- Co. says provision has already been deducted for tax purposes. Reversal of provision will be taxed in 2016.
- Co. says implementation of foregoing transactions will have a positive net cash impact of about EU270m for Vivendi
- Vivendi comments in e-mailed statement
Source: BFW (Bloomberg First Word)
Tickers
VIV FP (Vivendi SA)
LMCA US (Liberty Media Corp)
1070L US (United States District Court for the Northern District of New York)
To de-activate this alert, click here
UUID: 7947283