So say this report on WSJ.com: A small private-equity firm called Sebastian Holdings has purchased a 2.5 percent stake in Vivendi Universal and intends to push management to unwind the strategy that created the European media giant.
It plans to urge Videndi to sell assets to concentrate on either creating entertainment content or distributing information, but not both. One option being considered is sale of Vivendi’s stakes in French phone company SFR Cegetel Group and Morocco’s Maroc Telecom. Another option is the sale of its 18.5% stake in NBC Universal…GE owns rest of NBCU.
Some more details in this AP report…
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