PARIS (dpa-AFX) - Vivendi (VIV.L, VIVEF.PK) said that it has decided to invest in digital communication group Progressif Media.
Vivendi becomes an 8.5% shareholder in Progressif Media along with ZeWatchers, which will own 30%, and the three founders, Emile Duport, David Bonhomme and Thomas Ghys, who retain 60% of the company.
Vivendi will acquire the stake from ZeWatchers which is owned and managed by Chantal Barry and Luc Geoffroy, who were already the group's partners in SFP/Euromedia.
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