Logos are displayed outside the headquarters of Canal Plus, a pay-television unit of Vivendi SA, in Issy les Moulineaux near Paris, France. (Photographer: Fabrice Dimier/Bloomberg)

Vivendi's Canal+ to Buy M7 Pay TV for $1.1 Billion

(Bloomberg) -- Vivendi SA’s Canal+ agreed to buy pay-TV operator M7 Group for just over 1 billion euros ($1.2 billion) to expand in Europe, where it’s vying for subscribers with Netflix Inc.

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