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Submitted: June 28, 2012 - 6:11pm
Originally published: June 28, 2012
Last updated: June 28, 2012 - 6:13pm
Originally published: June 28, 2012
Last updated: June 28, 2012 - 6:13pm
Source:
Los Angeles Times
Author:
Meg James
Location:
Vivendi, Paris, France
Jean-Bernard Lévy, the chairman and chief executive of the French telecommunications company Vivendi, stepped down following a disagreement with the company's board.
The company, in a statement, described the tension as "a divergence of views on the strategic development of the group." News reports and financial analysts suggest that the board has been embroiled in a debate about whether to carve off assets or break up the company, which consists of European pay-television operations, including France's popular Canal+, Activision Blizzard video game company, Universal Music Group, and phone and Internet services. The development suggests that the board might pursue its plan to break apart its television, video game and music and phone and Internet services.
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