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Vivendi Board Gives Go-Ahead For Business Split & Sets December Shareholder Vote; Bob Bakish To Join Canal+ Board
Vivendi's plan to split its business in three has gotten board approval and will be taken to a shareholder vote on December 9.
The board has approved the resolutions that will be submitted to shareholders to vote on whether Canal+, ad business Havas and publishing house Louis Hachette Group should separate. Jacques du Poy and Anna Marsh will both be Deputy CEO, and Amandine Ferré will be CFO. Board members will include Bolloré, Arnaud de Puyfontaine and, intriguingly, Bob Bakish, who has been lying low since his exit from Paramount earlier this year in April.
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