LONDON-Vodafone Group plc confirmed it is in discussions with Vivendi Universal concerning the future shareholder structure of their Vizzavi joint venture Internet portal. Vodafone said the discussions may lead to an offer to acquire all of a part of Vivendi’s holding in the venture.
The Wall Street Journal reported sources closes to the discussions said the financial stake could be as much as $148 million.
French media giant Vivendi, which is scrambling to raise capital in an attempt to reduce debt, said last week it would stop investing in the venture.
