Vivendi's takeover bid marks the end of an era for the group built by Jean-Luc Lagardère. The heir Arnaud has, for the moment, managed to stay in control.

But for how long?. The green light granted by Brussels to Vivendi's. takeover bid (Canal+, Havas, Prisma..) (at a price of €24.10 per share) acts the demotion. of the former family empire into a. subsidiary of a group, controlled by the Bolloré family.