PARIS, Dec 14 (Reuters) - Shares in Vivendi surged on Thursday after the French media giant said it would examine splitting up into several entities, each of which would be listed on the stock market.

Vivendi shares were up 11.3% in early trading.

Vivendi, in which France's billionaire Bollore family holds the biggest individual stake, said the businesses that could be spun off included its TV unit Canal Plus, advertising arm Havas and an investment company holding its stake in French company Lagardere. (Reporting by Sudip Kar-Gupta and Danilo Masoni Editing by Mark Potter)