With the announcement of media deals worth close to US$13 billion last month, Vivendi Universal strengthened its standing as a global media heavyweight. Just days after Edgar Bronfman Jr. announced his resignation as executive vice chairman of Vivendi Universal in early December, Vivendi agreed to invest $1.5 billion in EchoStar Communications Corp. The deal will give Vivendi a 10% stake in EchoStar, the second largest satellite television service in the U.S.
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