entertainment

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French media group Vivendi said on Friday it would book a 4.2 billion euro ($4.6 billion) pre-tax gain from the sale of Brazilian telecommunications company GVT, which would help it pay interim dividends. The company said it had also received a 12 percent stake in Telefonica Brazil's Vivo and would exchange 4.5 percent for 8.3 percent of Telecom Italia's ordinary shares in the coming weeks. “The closing of the sale of GVT and of the 20 percent interest in Numericable-SFR enables the Vivendi management board, in accordance with its commitment, to authorize in principle the payment of two interim ordinary dividends, each in the amount of 1 euro per share, in respect of 2015,” Vivendi said in a statement.

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(Reuters) – Walt Disney Co CEO Bob Iger learned that Steve Jobs' cancer had returned less than an hour before Disney announced it was buying Jobs' Pixar studio in 2006, and Iger kept the Apple co-founder's condition a secret for three years, according to Bloomberg, citing a new biography of Jobs. Iger told the authors of “Becoming Steve Jobs” he thought about the implications of keeping such a secret at a time when regulators were calling for more disclosure and holding executives more accountable to their fiduciary duties, Bloomberg reported. The $7 billion deal to buy Pixar made Jobs Disney's largest shareholder and put him on the entertainment company's board.