Canal Plus
A Billionaire in La La Land
He can't rely on Orange to rescue Canal Plus. He needs to fix it himself.
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Corporate raider Vincent Bollore is engaged in wishful thinking if he believes Stephane Richard of Orange SA is about to ride to his rescue in France.
The chairman and largest shareholder of Vivendi SA has taken a hands-on approach to sorting out the mess at Canal Plus, the pay-TV unit that brings in half of the company's cash flow.