Vivendi: just wait

Pierre Briançon et Una Galani What’s the rush? The annual question of whether Vivendi will sell its 20% stake in NBC Universal seems to be generating more excitement this year. But unless the French telecom and media conglomerate is planning a major strategic move soon, it’s hard to see why Vivendi should seize the opportunity it has in November to shed its stake in the US film and television group. The buzz may have a lot to do with the dire straits NBC’s parent, General Electric, finds itself...