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Same old new Vivendi

19 February 2016 By Fiona Maharg-Bravo

The French media group has morphed into a music and pay-TV group and returned 4 bln euros to investors in 2015. But a remaining cash pile of 6.4 bln euros carries M&A risk, as the bid for video-game firm Gameloft shows. Its adventures in Italy may suck up more cash too.  

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