French media group Vivendi (VIV.PA), with cash to spend after selling a chunk of its business, has no plans to bid for smaller rival Lagardere (LAGA.PA). Earlier this week, a source familiar with the matter had told Reuters Vivendi had made a bid worth 3.3 billion euros ($3.50 billion) for Lagardere in recent weeks. French magazine L’Express had also reported Vivendi’s interest earlier in April. “There has been no offer for Lagardere by Vivendi and there will not be one,” Vivendi spokesman Simon Gillham said.