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PARIS (AP) - Two corporate raiders are building stakes in Vivendi Universal SA to try to break up the conglomerate and force management to choose between its telecommunications and media assets, according to media reports.
The La Tribune French daily financial newspaper reported on its Web site that Iranian businessman Amir Jahanchahi and Sebastian Holdings, the investment vehicle of Norway's Alexander Vik, plan to build their stake beyond the 2.5 percent they have recently bought.
Another French business daily, Les Echos, reported that Sebastian Holdings purchased the stake at Jahanchahi's initiative and that the move was not hostile.
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