Vivendi SA took a pause from big acquisitions to decide how to spend the USD14 billion from its asset sales after the company cut its debt. The company's board is in favor of returning the extra cash to its investors over the next six months. This was according to a report published by Bloomberg.

According to Chief Finance Officer Philippe Capron, the board is thinking of share buybacks and dividends. Last month, Vivendi got USD8.2 billion from selling a stake in Activision Blizzard Inc. The media-to-telecom company will get another USD5.7 billion after completing the sale of its Maroc Telecom SA division, the report said.

Meanwhile, Vivendi is coming to the end of a two-year restructuring program. Chief Executive Officer Jean-Francois Dubos and Chairman Jean-Rene Fourtou and other executives are all due to step down, said the report.

Capron denied talks that Vivendi is eyeing acquisitions in the digital arena. He said Vivendi will focus on the expansion of Brazilian Internet provider GVT. Capron also said the company has no plan to add mobile services to its product offering, Bloomberg reported.