Vivendi's net asset value climbs to $5.9 billion
April 28 (Reuters) - France's Vivendi (VIV.PA), opens new tab said on Monday the net asset value of its investments grew to 5.2 billion euros ($5.9 billion) as of March 31, 7.8% higher than December 31, as it published its quarterly revenues for the first time since its massive breakup.
The media conglomerate, primarily owned by the Bollore group, has holdings in the media and entertainment sectors, including Universal Music Group (UMG.AS), opens new tab, video game developer Gameloft, and audiovisual production company Banijay.
Vivendi's net debt was 1.7 billion euros as of March 31, 2025, down from 2 billion euros as of December 2024, after it sold the bulk of its stake in Telecom Italia (TIM) (TLIT.MI), opens new tab to Poste Italiane (PST.MI), opens new tab.
"Our divestment from the telecoms industry led us to sell most of our stake in TIM, resulting in a substantial decrease in our financial net debt," the company said in a statement.
Its revenue for the first quarter of 2025 were 69.4 million euros, the majority of which came from Gameloft whose sales totalled 68.5 million euros.
According to Vivendi, the revenue brought by the current assets in the first quarter last year were 69 million euros.
Vivendi's breakup is still challenged in courts by minority shareholders who claim the split allowed the Bollore clan to extend control over the group without making a buyout offer. The Paris Court of Appeals ruled on April 22 the French market watchdog must reasses the case.
($1 = 0.8793 euros)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Scottish Sun
5 hours ago
- Scottish Sun
I visited the cheap African holiday island that feels like Mykonos and Santorini with new easyJet flights
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) TRAILING vibrant pink bougainvillaea frames white-washed buildings, spilling across blue window shutters and doors. A confetti of tiny petals drifts in the breeze, dancing along the narrow, cobbled streets. Sign up for Scottish Sun newsletter Sign up 8 The small town of Erriadh sits at the centre of the island of Djerba, just off the south coast of Tunisia Credit: Getty 8 Hotels line the soft white-sand beaches on the island's north coast Credit: Shutterstock 8 Houmt Souk's pedestrianised streets are lined with shops and restaurants Credit: Getty Around every corner comes another eye-catching piece of technicolour street art. The walls and doors of the sleepy paths are a quirky, open-air gallery. The resemblance to the alleyways of Mykonos and Santorini is striking and my arty stroll ends at a small cafe under a sprawling canopy of trees in a sunlit square. But when I tell you a small cup of strong coffee here costs 25p, you'll know I am nowhere near the trendy Greek isles. The small town of Erriadh sits at the centre of the island of Djerba —which was used as a filming location for Star Wars — just off the south coast of Tunisia. And at its heart is Djerbahood, the passion project of a famous French art gallery owner who convinced some of the world's best street artists to travel to Djerba, and its inhabitants to allow their walls to be daubed. Now, more than 250 murals and sculptures have transformed the heart of the neighbourhood. Relatively undiscovered by us Brits, Djerba is a great-value option for those looking to explore beyond the Med favourites. Low-cost giant easyJet has launched year-round flights to the island from both London Luton and Manchester, with fares from just £115 return, and easyJet holidays has packages from just £373pp. The island's compact size means it's easy to explore its intoxicating mix of North African heritage and Mediterranean influences. Sizzling in summer, temperatures remain high all the way through to November and rarely dip below the 20Cs, even in the depths of winter, making it ideal for out-of-season sunshine. Five stunning, little-known holiday destinations Hotels line the soft white-sand beaches on the island's north coast, including our base, the 5H Radisson Blu Palace Resort & Thalasso. The resorts' vast pool, surrounded by loungers and cabanas, leads down to small sand dunes and a broad stretch of sparkling white sands dotted with straw parasols. Its contemporary rooms are spacious and bright, with marble-clad bathrooms and balconies or terraces to soak up that sunshine. 8 The Sun's Lisa Minot exploring Credit: Supplied 8 The fortress of Borj El Kebir has been protecting the island's inhabitants from invading armies since the 13th century Credit: Getty 8 Our base, the 5-star Radisson Blu Palace Resort & Thalasso Credit: Supplied With four restaurants, three bars and the biggest Thalasso spa on the island, you could be forgiven for not straying far. But the island's compact size means it's easy to explore its intoxicating mix of North African heritage and Mediterranean influences. Troglodyte dwellings In the island's capital Houmt Souk on the north coast, the minarets of mosques sit alongside the St Joseph's Catholic church. Jutting out on a headland surrounded by the Mediterranean sea, the fortress of Borj El Kebir has been protecting the island's inhabitants from invading armies since the 13th century. Today you can explore the impressive fortifications and admire the stunning sea views from its now thankfully peaceful ramparts. Houmt Souk's pedestrianised streets lined with shops and restaurants lead on to covered souks and a spice market, as well as a rather less fragrant fish market. There's plenty of opportunities for a bit of souvenir shopping, from local handi-crafts and clothes, to Pottery Square where you can buy colourful ceramics from just £2 with a little haggling. If you're in need of sustenance after all that shopping, look no further than El Fondouk. This fabulous conversion of an 18th-century caravanserai, or travellers' inn, is open daily for morning coffees and pastries in its sun-soaked courtyard – then fresh seafood with couscous, fish curries and meaty kebabs at lunch and dinner. Prices are also excellent given the quality, with main dishes from £8 to £12. Also worth a trip out from the excellent restaurants back at the hotel was Haroun, in the nearby marina. Its outside terrace comes in the form of an actual ship's deck, complete with rigging and ropes, and is the perfect place to enjoy a cocktail or two as the sun sets. Inside, the dishes coming out of the kitchen include traditional Tunisian specialities such as brik — crispy filo pastry parcels filled with meat or fish — as well as fried calamari and fresh fish. Luke Skywalker grew up in a troglodyte home in Tatooine (get it!) and you can visit locations from the smash-hit franchise. Again, prices are very competitive, with main courses from £13.50. And while Djerba has more than enough to keep a holidaymaker happy for a week, it would be a shame to come this far and not head over on to the mainland and into a galaxy far, far away. EasyJet has multiple tours you can take from Djerba, over the ancient Roman Road that crosses the sea to southern Tunisia. The centuries-old causeway is essentially a bridge, and as you travel the five miles you're rewarded with stunning views of shimmering waters on both sides. As you travel through the arid desert landscapes of the mainland, huge rock formations rise dramatically from the flat plains. The rugged mountains are home to the Berber people, and at Chenini we peek into the unique troglodyte dwellings carved into the rocky hillsides and admire the palm trees and olive trees growing around the oasis by the Chenini Canyon. 8 Strolling the streets of Tataouine, you can easily see how George Lucas was inspired to use the location for Star Wars Credit: Getty 8 Fans can visit locations from smash-hit franchise Star Wars Credit: Rex Strolling the streets of Tataouine, you can easily see how George Lucas was inspired to use the location for Star Wars. Luke Skywalker grew up in a troglodyte home in Tatooine (get it!) and you can visit locations from the smash-hit franchise on the tour, including the Hotel Sidi Idriss and Ksar Hadada, an other-worldly Berber granary store that served as a key setting in The Phantom Menace. LISA MINOT
Daily Record
6 hours ago
- Daily Record
Baby names inspired by Pride Month including one that puts inspiring spin on a classic
Every June, the world celebrates Pride Month to honour the LGBTQ+ community, but the celebrations could also inspire parents-to-be. Parents-to-be pull inspiration from a range of sources when it comes to thinking of baby names. They can look to TV, films, seasons, or even locations to name their child after something special to them. But what about an inspiring month dedicated to the fight for equal rights and honouring the LGBTQ+ community? Well, as if right on cue, June marks the 55th anniversary of the first Pride march held in the United States. Pride Month is an observation of queer culture through celebration and protest. Countless communities host Pride marches, demonstrations and parties to honour queer joy all over the world - including Scotland's major cities. For budding mothers and fathers who feel moved by the event, and want to pay homage to some iconic figures of the LGBTQ+ movement with an equally iconic name for their wee one, Nameberry has comprised a compelling list. So, if you want your bub's title to be rooted in history, read on for ten Pride-related names that could be the moniker-in-waiting for your adorable new arrival. Who knows, it might even spark an appetite for activism. Audre A self-described "black, lesbian, mother, warrior, poet," Audre Lorde dedicated both her life and her creative talent to confronting and addressing injustices of racism, sexism, classism, and homophobia. Born in New York City, Audre uplifted the most marginalised in society. Her name – a streamlined spelling of contemporary classic Audrey – boasts the fitting meaning of "noble strength". Bayard Bayard Rustin was a close friend of Martin Luther King and the chief architect of the 1963 March on Washington. He didn't become a vocal gay rights activist until the 1980s but he did testify on the behalf of a New York City queer civil liberties law, stating that gay rights had become the new barometer for social change and progress. His intriguing name comes from a French word meaning 'russet red'. A trailblazing campaigner for marriage equality, Edie Windsor fought the US federal government in a landmark 2013 lawsuit which paved the way for the legalisation of same-sex marriage across all states two years later. Edie is a cute, retro nickname that ranks just outside the Top 100 in the UK. Gilbert Gilbert Baker was an artist and LGBTQ rights activist. You might not know a lot about him but you will know of his most famous creation - the rainbow flag. The rainbow flag has become synonymous with Pride. Gilbert is a unique pick for a boy's name, but you never know, it could make a comeback very soon. Gracy Miss Major Griffin-Gracy was a long-standing advocate of transgender rights and a veteran of the Stonewall riots, which proved to be a quintessential moment for the LGBTQ+ community in the US and across the world. Gracie is the more popular spelling of the name but the -y ending feels more mature. Harvey As California's first openly gay elected official, Harvey Milk achieved so much for for the LGBTQ community during his tenure, which was cut devastatingly short when he was assassinated just ten months after entering office. Harvey is an old school, sophisticated-sounding name which means "iron blazing" or "battle-worthy". Harvey was in the UK top 100 from 1997-2021, Nameberry reports, but it has fallen slightly in recent years. Jazz Jazz is a more contemporary pick after TV personality and trans rights campaigner Jazz Jennings. The youngest activist on this list, the 24-year-old American YouTuber and LGBT rights activist is one of the youngest publicly documented people to be identified as transgender. Jazz is a great modern-day pick for those touched by the current LGBTQ+ scene. Kahlo Frida Kahlo was a renowned Mexican painter who was was openly bisexual. Her work often explored themes of identity, gender, and sexuality. She is considered a strong LGBTQ+ figure. The Kahlo family name was found in the US between 1880 and 1920. In 2025, it would make for a fascinating artistic baby name. Intriguingly, it's more popular in the US for boys. Lili or Lilli The story of Lili Elbe, one of the earliest known recipients of gender reassignment surgery, was fictionalised in the book (then film) The Danish Girl. These -i ending forms of Lily have historically been most popular in Germany and Hungary – although we have seen a small uptick in them since the birth of Lilibet "Lili", daughter of the Duke and Duchess of Sussex. Lyon Phyllis Lyon and Del Martin made history when they became the first same-sex couple to marry in California. This actually happened twice because their first marriage was voided. Lyon, who was also a lifelong activist, sadly passed away in April 2020. This surname, suggesting bravery and a sense of wildness, could make a unique alternative to 'Leo'. Join the Daily Record WhatsApp community!
Daily Mirror
6 hours ago
- Daily Mirror
Chelsea reach agreement with Dortmund star and seek to seal £50m transfer
Chelsea are keen to add to their squad ahead of this summer's Club World Cup and look set to make Borussia Dortmund star and former Man City man Jamie Gittens their latest addition Chelsea look set to make Borussia Dortmund star Jamie Gittens their FIFTH signing of the summer as Enzo Maresca bolsters his squad ahead of the Club World Cup. The Blues have already been extremely busy since the end of last season. Brazilian winger Estevao Willian is set to make his move from Palmeiras official alongside Ecuadorian youngster Kendry Paez. Chelsea have also signed Liam Delap and Dário Essugo from Ipswich and Sporting Lisbon respectively over the past week. And those signings could potentially be joined by English wideman Gittens. As first reported by French outlet RMC Sport, the West London side have agreed on a seven-year deal with the 20-year-old to move to Stamford Bridge. Chelsea have tabled a £29.5m bid - although it's believed they'll need to go higher - and hope to get a deal secured before the first part of the summer transfer window closes on Tuesday. Gittens, an England under-21 international, was actually at Chelsea as a youngster as well as a host of other clubs. He eventually found his way to Manchester City but quit the club in 2020 as he became the latest in a long line of promising English talents to move to the Bundesliga. He has since gone on to make over 100 appearances for Dortmund, scoring 17 goals - 12 of which came last season. Despite still having three years left to run on his deal, it appears he will now depart Dortmund if the two clubs can agree a fee. Gittens has a £50m release clause in his contract, but Chelsea are hoping to get it done for slightly less. Sporting director Sebastian Kehl admitted earlier this year that there was potentially interest in Gittens. He said: 'There's definitely a market for him. He's a very exciting player. We'll be having discussions soon. If offers come in, we'll have to deal with them.' 'We want to reduce wages,' Kehl added. 'That said, it's possible we'll continue with some of these players. But some may no longer be part of the BVB squad next season.' Gittens will arrive at Stamford Bridge as a possible replacement for Jadon Sancho, who has departed the club after Chelsea chiefs decided not to sign him permanently following his loan. The West Londoners have decided not to activate a £25m clause in the deal, and have consequently paid a £5m penalty. In a statement on social media, the winger said: "Grateful for the experience. Big love to everyone at Chelsea who made me feel at home — teammates, staff and the fans. Wishing the club all the best moving forward. Truly grateful, Thank you Blues." Sancho made 45 appearances across his season with Chelsea, scoring five goals and notching ten assists as Enzo Maresca's side won the Conference League. Join our new WhatsApp community and receive your daily dose of Mirror Football content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice.
