A Paris Court of Appeal rules that Vincent Bolloré and his Bolloré Group do not exercise control over Vivendi SE, according to multiple reports. The decision addresses a long-running dispute over whether Bolloré effectively controlled Vivendi before a planned split of the French media conglomerate in 2024. Bloomberg reports that the ruling could ultimately save Bolloré’s company billions, reflecting the financial stakes associated with the control question. Deadline adds that the ruling removes an obligation that could have required a multibillion-dollar buyout of Vivendi, at least for now, if a contrary finding had been made. Vivendi confirms the outcome in a company statement, according to Deadline. Both accounts describe the appellate decision as a key legal development in the effort to determine governance and control responsibilities within the ownership structure tied to the 2024 separation. The reports do not indicate a final resolution beyond the appellate ruling, but they agree the court’s finding significantly affects whether a mandatory buyout mechanism is triggered.