Vivendi Invests in Progressif Media with 8.5% Stake Acquisition
PARIS (Reuters) – Vivendi 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)
