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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: J Fieb who wrote (39137)	3/4/1999 8:26:00 PM
From: DiViT	Read Replies (1) \| Respond to of 50808

Canal+BSkyB on again... Yesterday Canal Plus , News Corp Chmn Hold Merger Talks In Paris 03/03/99 Dow Jones International News (Copyright (c) 1999, Dow Jones & Company, Inc.) PARIS (Dow Jones)--French pay-television group Canal Plus SA (F.CLP) said Wednesday that its Chairman Pierre Lescure met in Paris with Rupert Murdoch, chairman of media giant News Corp. (NWS), to discuss a possible merger between Murdoch-controlled BSyB and Canal Plus . The company said in a statement that keeping Canal Plus ' management and biggest shareholder French is a prerequisite for a linkup. "Any alliance must respect all Canal Plus ' present commitments regarding culture and creation in France, in Italy and more generally in Europe," the company said. (Corrected 1826GMT) (END) Dow Jones Newswires 03-03-99 1730GMT ------------- Today anal Plus Shrs-2: Merger Hopes Had Fueled Stk's Rise>F.CLP 03/04/99 Dow Jones International News (Copyright (c) 1999, Dow Jones & Company, Inc.) PARIS (Dow Jones)--Shares of Canal Plus SA (F.CLP) tumbled 4.1% to EUR274.1 in opening trade Thursday on word that the pay-television group has suspended merger talks with British Sky Broadcasting Group PLC (BSY) over management issues. "They're saying they're still open to resuming the negotiations or to negotiating with others, but the bottom line is that the talks were going nowhere," said a trader with the French brokerage firm Chevreux-de Virieu. "Both BSkyB and Canal Plus shares have been well bid on expectations of a merger announcement; this news is taking the wind out of their sails." Canal Plus stock had already come under pressure Wednesday after the French government directed a stern warning at Canal Plus that it wasn't comfortable with the prospect of a merger between a high-profile French media company and a Rupert Murdoch unit. Later Wednesday, Murdoch, chairman of BskyB parent News Corp. (NWS), refused to agree to conditions laid out by Canal Plus Chief Executive Pierre Lescure at a meeting in Paris. Lescure has insisted that he be chief executive of a merged Canal Plus -BskyB and that Canal Plus parent Vivendi SA (F.VVN) be the biggest shareholder of the new entity. Lescure has termed those two conditions "non-negotiable." -By John Carreyrou; 331 53 00 03 03; jcarreyrou@ap.org (END) Dow Jones Newswires 04-03-99 0950GMT