Vivendi buys See Tickets for £8m

Global entertainment and telecoms giant, Vivendi, has bought See Tickets for £83 million.

Vivendi’s purchase places an enterprise value of £94 million on its British operations, which represent a 20% share of the market, and complements the acquisition of French online ticket retailer, Digitick, in December 2010.
See Tickets is a leading player in the UK ticketing market with particularly strong positions in the theatre and live music segments.
The management structure at See Tickets is expected to be unchanged and the company will continue to trade under the same name.