Game giant Activision Blizzard is taking back the firm's controlling stake in deals worth more than $8 billion.
Vivendi's $8.2 billion sale was all set to go before a shareholder filed suit requesting a vote on the matter.
The company, which owns an $8.1 billion stake in Activision, has tried to get Microsoft to bite, but so far, has failed.
The deal for the 44 percent of the French mobile operator that Vivendi doesn't already own is valued at $11.3 billion.
The Vivendi-Activision merger is being heralded as a great move in video games, but according to Don Reisinger, this deal couldn't be worse for gamers.
Company to buy Vivendi's 20 percent stake in NBC Universal for roughly $5.8 billion, making way for Comcast to acquire NBC Universal, according to the Journal and the Times.
The company can now buy back Vivendi's shares without holding a shareholder vote on the matter.
Vivendi, which owns the world's largest music group, rejects the offer despite its $2 billion premium, the Financial Times reports.
The cable giant has completed its $16.7 billion deal to acquire the remaining 49 percent of NBCU from former owner General Electric.
In today's podcast, Comcast takes the main headlines with its NBC acquisition attempt and upcoming bandwidth meter that it began rolling out in Portland, Ore., this week.