Vivendi slumps on profit-warning

European telecoms and entertainment group Vivendi had a good 2011 but warned that 2012 and 2013 will be more difficult.

European telecoms and entertainment group Vivendi had a good 2011 but warned that 2012 and 2013 will be more difficult.

Results in 2011 benefited from strong growth at its Brazil operator GVG and its profitable video game publisher Activision Blizzard, maker of the massively multi-player online role playing game, World of Warcraft.

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