Back January 05, 2007: Creation of Canal+ France  Download the press release  English / French   Vivendi and Canal+ Group are pleased to announce that in line with previously publicized agreements, the pay-TV businesses of Canal+ Group and TPS were combined into Canal+ France. TF1 and M6 have thus contributed TPS in exchange for a 15% stake in Canal+ France (9.9% for TF1 and 5.1% for M6). At the same time, Lagardère has transferred its 34% shareholding in CanalSat and has made an additional cash contribution to acquire a 20% stake in Canal+ France. Exclusively controlled by Vivendi via Canal+ Group, the new entity represents a pay-TV player comparable in size to the largest groups in Europe, one that can effectively operate on the new competitive playing field and energize the television market for the benefit of consumers.