Vivendi shares leap at rejection of billion dollar bid for entertainment assets
Vivendi Universal has been approached with a Euros 15bn offer for its entertainment assets by a consortium of businessmen - including oil billionaire Marvin Davis (pictured), the former owner of Twentieth Century Fox - but is refusing to sell. As a result, Vivendi shares ended the day (Thursday) up 21.2% in Paris at Euros 13.8 - the largest single-day rise for the company in years.
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