Vivendi Q3 Sales Up
November 7, 2006 at 6:00 AM (PT)
BLOOMBERG.COM reports that VIVENDI SA, owner of the world's largest music company, said third-quarter sales rose 0.3 percent as it added subscribers for online games, pay-television channels and mobile-phone services.
Sales in the third quarter increased to 4.89 billion euros ($6.2 billion) from 4.87 billion euros a year earlier.
VIVENDI said a "friendly'' approach from buyout firm KOHLBERG KRAVIS ROBERTS & CO.(KKR), which included keeping the company's assets together, didn't result in a bid. Higher third-quarter revenue from games and pay TV helped make up for a decline in revenue from VIVENDI's music business.