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Stock Market & Financial Investment News

News Breaks
August 5, 2014
05:39 EDTTI, VIVHY, TEFTelefonica 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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July 2, 2015
06:44 EDTVIVHYFacebook holds talks with major labels to 'get into music', The Verge reports
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July 1, 2015
11:37 EDTTI, VIVHYVivendi reports 14.9% stake in Telecom Italia
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June 30, 2015
12:45 EDTVIVHYVivendi finalizes acquisition of Dailymotion
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07:45 EDTTI, TEFEU agrees to enact 'net neutrality' law, WSJ reports
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June 26, 2015
09:18 EDTVIVHYSirius XM discloses settlement agreement with various record companies
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June 25, 2015
17:55 EDTTI, VIVHYVivendi CEO says 'never say never' on raising Telecom Italia stake, Reuters says
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08:47 EDTVIVHYMarriott and Universal Music Group launch global marketing partnership
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June 24, 2015
15:41 EDTVIVHY, TI, TEFVivendi increases position in Telecom Italia to 14.9%
Vivendi (VIVHY) announced that it has received 1.11B ordinary shares, or 8.24%, of Telecom Italia (TI) in exchange for 4.5% of the share capital of Telefonica Brasil (VIV), in accordance with the option given to it as part of the sale of GVT to Telefonica (TEF). Separately, Vivendi increased its ordinary shares in Telecom Italia from the recently purchased 1.9% with an additional stake of 4.76% purchased on June 22 for a total of 6.66%, representing a global cash payment of approximately EUR1B. Vivendi now owns 14.9% of Telecom Italia’s ordinary shares and has thus replaced Telefonica as the company’s largest shareholder. "This investment represents an opportunity for Vivendi... to expand in a market with significant growth prospects and a very strong appetite for quality content. Vivendi intends to support Telecom Italia over the long term," said the company.

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