More than 97.5% voted to separate Canal+, ad business Havas and publisher Louis Hachette Group.

About 72% of Vivendi shareholders were present at the vote.

Canal+ is known for its European pay-TV operations and is also the owner ofPaddington in Perus Studiocanal.

Arnaud de Puyfontaine, CEO of Vivendi

Arnaud de Puyfontaine, CEO of VivendiALAIN JOCARD/AFP via Getty Images

This indisputable result confirms this strong support of our shareholders for this transformative transaction.

Former Paramount Global CEO Bob Bakish will take a spot on the Canal+ board next week once trading begins.

JP Morgan estimates Canal+ to be worth 6 billion ($6.3 billion).

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