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Stock Market & Financial Investment News

News Breaks
August 5, 2014
05:39 EDTTEF, TI, VIVHYTelefonica 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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May 21, 2015
08:12 EDTTITelecom Italia announces IPO of up to 40% of tower subsidiary
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May 18, 2015
06:05 EDTTEFAmdocs data management services selected by Telefonica
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May 15, 2015
08:46 EDTTEF, TIMobile operators ad blocking plan sets up fight with Google, FT reports
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May 13, 2015
13:25 EDTTEFTelefonica files automatic mixed securities shelf
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May 12, 2015
13:20 EDTVIVHYVivendi makes offer for Canal Plus at EUR7.60 per share
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13:06 EDTVIVHYVivendi says talking to Spotify about streaming, Bloomberg reports
Vivendi (VIVHY) said on its earnings conference call that is having discussions with Spotify regarding a streaming service, Bloomberg reports. Apple's (AAPL) streaming service may affect music sales and margins, Vivendi noted. Shares of Spotify competitor Pandora (P) are up 36c to $18.53 in afternoon trading.
13:02 EDTVIVHYVivendi reports Q1 adjusted net income EU136M vs. EU109M last year
Reports Q1 revenue EU2.49B vs. EU2.32B last year.

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