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Stock Market & Financial Investment News

News Breaks
August 5, 2014
05:39 EDTVIVHY, TEF, TITelefonica bids EUR 6.7B for Vivendi's Global Village Telecom
Telefonica S.A. (TEF) said it has submitted an offer to Vivendi (VIVHY) for the combination of Telefonica Brasil and Global Village Telecom, which includes a cash consideration of 11,962 million Brazilian Reais and newly issued shares representing 12% of the share capital of the new Telefonica Brasil, after its combination with GVT. Considering the current market price of Telefónica Brasil the offer amounts to a total of EUR 6.7B euros. The cash consideration would be financed via a capital increase at Telefonica Brasil subscribed by Telefonica S.A. in proportion to its current stake, whose contribution will be funded, in turn, via a capital increase. The offer envisages that, should Vivendi be interested in acquiring a stable stake in Telecom Italia (TI), Telefonica could offer Vivendi the acquisition, in cash, of up to 1,110M ordinary shares of Telecom Italia, currently representing a stake of 8,3% of the Telecom Italia voting share capital. The transfer of the shares would take place at closing of the transaction between Vivendi and Telefonica Brasil. According to the terms of the offer, it expires on September 3, unless it is previously accepted by Vivendi, S.A., or if bidders decide to extend the offer’s validity period.
News For TEF;VIVHY;TI From The Last 14 Days
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April 27, 2015
06:29 EDTTITelecom Italia downgraded to Neutral from Buy at BofA/Merrill
April 22, 2015
05:38 EDTVIVHYVivendi reinstated with a Buy at Goldman
April 19, 2015
14:39 EDTTITelecom Italia stock could jump 25% over next year, Barron's says
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April 15, 2015
10:00 EDTVIVHYOn The Fly: Analyst Downgrade Summary
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05:40 EDTVIVHYVivendi downgraded to Hold from Buy at Societe Generale
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April 14, 2015
13:20 EDTVIVHYRecord labels lobby for better royalties from YouTube, Dailymotion, FT says
The International Federation of the Phonographic Industry alleged Tuesday that certain digital video platforms including Google's (GOOG) YouTube and Orange's (ORAN) Dailymotion are relying too much on "safe harbour" laws to avoid paying royalties to record labels, reports the Financial Times, citing statements by IFPI CEO Frances Moore. The move comes as the European Commission weighs reforming EU copyright law. The IFPI is a recording industry group that counts Sony (SNE) Music Entertainment and Vivendi's (VIVHY) Universal Music Group among its members. Reference Link
08:20 EDTTEFTelefonica may offer rights concessions to get Canal+ deal done, Reuters says
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April 13, 2015
08:42 EDTVIVHYPandora rises after Spotify reportedly valued above $8B in fundraising
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