Investors in Vivendi on Tuesday welcomed news of a potential $5.8bn buy-out of its stake in NBC Universal, but cautioned that the merits of the deal would depend on how long it took the French media group to receive the full payment.
Vivendi shares rose 4 per cent, or 76 cents, to €19.95 on the news late on Monday that General Electric had agreed broad terms to buy out its minority partner in NBCU, paving the way for the conglomerate to sell 51 per cent of the US media group to Comcast, the cable company.
