Vivendi earnings beat forecasts


PARIS: Vivendi beat analysts’ forecasts with a 20.9% rise in core third-quarter profit yesterday, helped by higher margins from video game World of Warcraft, pay television in France and Maroc Telecom. 

But share reaction was muted after the French group, which last week confirmed a failed friendly takeover approach by US private equity firm KKR, kept its profit goal for the year. 

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