Vivendi Will Appeal U.S. Court Ruling In Liberty Media Lawsuit
Published on Jan 10
Vivendi Will Appeal U.S. Court Ruling
In Liberty Media Lawsuit
Vivendi announced today that a New York court confirmed a €765 million jury verdict rendered against Vivendi on June 25, 2012 in a lawsuit filed by Liberty Media Corporation.
The Court awarded prejudgment interest at the low rate of a one-year U.S. Treasury Department bill, as requested by Vivendi.
Vivendi strongly believes that it did no wrong and intends to pursue its appeal to the fullest extent possible.
Vivendi is at the hearts of the worlds of content, platforms and interactive networks.
Vivendi combines the world leader in video games (Activision Blizzard), the world leader in music (Universal Music Group), the French leader in alternative telecoms (SFR), the Moroccan leader in telecoms (Maroc Telecom Group), the leading alternative broadband operator in Brazil (GVT) and the French leader in pay-TV (Canal+ Group).
In 2011, Vivendi achieved revenues of €28.8 billion and adjusted net income of €2.95 billion. The Group has over 58,300 employees. www.vivendi.com
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