Consumer Confidence

12 Aug

Vivendi’s Canal+ Increases Stake in Mauritian Pay-TV Company

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Vivendi SE’s Canal+ plans to double its stake in MC Vision to become the majority shareholder of the Mauritian-based digital Pay-TV company, as the French firm seeks to boost its presence on the continent.Canal+ will increase its stake to 75% from 37% for an undisclosed amount, pending regulatory approvals, according to a joint statement published in Le Dimanche/L’Hebdo newspaper. Source link lol

09 Aug

Expedia Warns of Soft Demand Even as It Posts an Earnings Beat

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Expedia Group Inc. posted better-than-expected second-quarter results while warning of “softening” travel demand in the current quarter, leading it to adjust its expectations for the rest of the year. Gross bookings across Expedia’s platforms, which include flight reservations, hotel stays, car rentals activities and vacation rentals, increased 6% to $28.8 billion in the three months ended June 30, the company said Thursday in a statementBloomberg Terminal. Wall Street was expecting $28.6 billion, according to data compiled by Bloomberg. Source link lol