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Bloomberg
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.