Accueil > Actualité
Actualite financiere : Actualite bourse

Vivendi: Oddo provides update on possible US acquisition

(CercleFinance.com) - Oddo has issued a report on Vivendi's possible acquisition of a stake in US pay-TV group Starz - or even its parent company Lions Gate.


Press reports have mentioned a minority acquisition based on a valuation of 2 billion dollars. The deal would certainly enable Canal+ Group to expand in the US market, where it is virtually absent, the broker said.

However, analysts are fairly cautious about this transaction, as: 1/ synergies appear rather limited;
2/ the valuation does not seem particularly attractive (13x EBITDA); 3/ a minority acquisition could lead to a non-zero cash outflow and a limited influence; 4/ finally, and possibly the main risk, analysts identify an execution and integration risk, Oddo adds.

The analyst reiterates its Outperform rating on the stock with an unchanged target price of 13.4 euros.


Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.