Vivendi invests in digital communication group Progressif Media – Reuters

French media giant Vivendi’s logo is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris, France, August 12, 2020. REUTERS/Charles Platiau

PARIS, Jan 18 (Reuters) – Vivendi (VIV.PA) said it was investing in digital communication group Progressif Media through the purchase of a 8.5% stake from ZeWatchers, with the financial terms of this deal not disclosed.

ZeWatchers will own a 30% in the company while the three Progressif Media founders, Emile Duport, David Bonhomme and Thomas Ghys, will retain 60% of the company.

Reporting by Dominique Vidalon;
Editing by Sudip Kar-Gupta

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