French media and telecom conglomerate Vivendi, Universal Music Group's parent company, said Friday that it has entered into exclusive talks to its French telecom arm SFR with one of two bidders. The company is looking to unload its mobile phone unit and focus on its media and entertainment businesses.
Vivendi and Lagardere have nearly reached a deal over the minority stake in French pay-TV giant Canal Plus, following years of negotiations and a months-long legal battle over cash management between the two French media companies.
Irish rocker Bono is now a French commander, after being awarded the country’s highest cultural honor in a ceremony in Paris on Tuesday. Culture minister Aurelie Filippetti made Bono a Commander of Arts and Letters in recognition of his contributions to the arts and to charity.