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Stock Market & Financial Investment News

News Breaks
December 4, 2012
07:15 EDTDISCA, TISources: Clessidra offers to buy Telecom Italia Media, Reuters reports
According to two sources, Clessidra, an Italian private equity fund, has offered to acquire Telecom Italia Media, Reuters reports. Telecom Italia Media is 77% owned by Telecom Italia (TI). Other potential bidders were Discover (DISCA), Hutchison Whampoa's Italian telecoms operator and Cairo Communication. Reference Link
News For TI;DISCA From The Last 14 Days
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July 1, 2015
11:37 EDTTIVivendi reports 14.9% stake in Telecom Italia
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June 30, 2015
07:45 EDTTIEU agrees to enact 'net neutrality' law, WSJ reports
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June 29, 2015
08:45 EDTDISCADiscovery CEO says convinced company can be cash flow positive on Olympic pact
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08:40 EDTDISCADiscovery awarded all TV, multiplatform rights in Europe for 2018-2024 Olympics
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June 25, 2015
17:55 EDTTIVivendi CEO says 'never say never' on raising Telecom Italia stake, Reuters says
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June 24, 2015
15:41 EDTTIVivendi 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.
June 22, 2015
06:42 EDTTIVivendi expected to raise Telecom Italia stake to 14.9%, Reuters reports
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