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Vincent Bollore, the controversial French billionaire, is reportedly being questioned by police just days after installing his son Yannick as chairman of the media group.
Global stocks were mixed in early Tuesday trading as investors sifted through prepared remarks ahead of the first of two appearances on Capitol Hill this week by new Fed chairman Jerome Powell.
European media stocks hit a one-month high Tuesday as investors reacted to a possible bidding war for Sky plc after Comcast challenged Rupert Murdoch's bid for the British pay group with a $31 billion approach.
Global stocks were mixed in early Tuesday trading as investors await the first of two appearances on Capitol Hill this week by new Fed chairman Jerome Powell.
Foreign businesses could be forced to leave the island due to higher tax penalties.
The GAMCO CEO favors traditional media giants, media distribution companies and live sports entertainment firms.
Italian government officials will meet on Monday to weigh whether Vivendi should face the penalties on the premise that it failed to live up to legal requirements or inform the prime minister's office that it obtained de facto control of TIM.
Vivendi's UMG division sees 54% earnings surge thanks to Despacito's global popularity
As advertising stocks tumble Vivendi's acquisition of Havas looks increasingly overpriced and CEO Puyfontaine's earnings call comments suggest he is feeling the heat.
Facebook's Mark Zuckerberg leads CEO effort to save Dreamers
European factories are running hot and and ECB rate setter is pouring cold water on rate hikes
European stocks rise for third consecutive session as markets extend global gains
A volley of corporate earnings reports pushed index bellwethers higher.
Cattaneo would be the second CEO to leave the company in just over a year.
European benchmarks had seen a solid session a short time ahead of the close Wednesday after receiving a boost from a number of corporate earnings winners and renewed M&A activity.
Data helped to boost sentiment toward the global economy among investors and lifted metals prices across the board, with a subsequent read-across into stock markets throughout much of the session.
Financial News Round-Up: What's Going On Where You Are
Vivendi said Monday that is has acquired the near 60% stake in advertizing group Havas for around $3 billion
Vivendi has been reluctant to selling any part of Universal in the past.
Pandora built a popular internet radio service just as listeners transitioned to on-demand streaming. Has time finally run out on CEO Tim Westergren?
Havas shares surged after French billionaire Vincent Bollore said he would pay €2.36 billion his family's stake in the advertising group in order to expand his media empire.
Corporate earnings and calm in the mining sector helped to lift benchmarks across Europe Tuesday
Corporate earnings and economic growth weighed in London, while reporting companies and rising inflation had a mixed effect in the eurozone.
Spotify stands to save millions in underwriting fees if it skips the usual IPO process. But there are some distinct disadvantages as well.
Vivendi is Telecom Italia's largest shareholder with a 24% stake.
Since 2008, Spotify has generated more than $5 billion for music labels and songwriters.
Spotify agreed to make some new albums completely available only to its paid subscribers, breaking an impasse with Universal Music that had lasted more than 18 months.
Spotify needs to secure licensing deals with the major music labels before it can schedule an initial public offering, which might not be ready until 2018.
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