Agent.X7 wrote on Jul 26, 2013, 12:28: I'm pretty sure this was actually what Vivendi wanted. It's pretty common to announce some batshit insane plan to force stockholders to do what you want them to.
Likely the maneuvering had already been complete at that point, I think the announcement was mostly for the benefit of shareholders. You can tell this because although Vivendi's stock jumped on this most recent news, it actually initially jumped on the 23rd after the original debt plan announcement. You do still have to read between the lines, though.