Vivendi Universal plans to take a charge of up to €10 billion against its second-quarter earnings to account for a further depreciation of its assets according to the Wall Street Journal.
The news came amid the steep fall of media-company stocks ahead of the company results expected tomorrow.
At the request of France's stock-market watchdog, Vivendi may also clarify the potential impact on its debt of off-balance-sheet liabilities it incurred from the aggressive deal making of former chairman Mr Jean-Marie Messier, the paper said.
As part of its month-old investigation into Vivendi, the agency is looking at whether the company properly accounted for and disclosed the liabilities.
AFP
