Bid to break up Vivendi gathers momentum

Bid to break up Vivendi gathers momentum // GamesIndustry.biz

"Vivendi shareholder Alexandar Vik has received backing for his bid to break the company up in the form of a EURO 19 billion investment from the Bank of America and Deutsche Bank.

Vik's investment company, Sebastian Holdings, first made a breakup offer last week - offering up to EURO 33.5 per share and valuing the company at EURO 40 billion. Vivendi rejected the deal, and continues to insist that there are no plans to break up the company."