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Stock Market & Financial Investment News

News Breaks
July 23, 2014
11:34 EDTTI, VIVHY, TSUTelecom Italia CEO says TIM, GVT deal not goal at moment, Reuters says
Telecom Italia (TI) CEO Marco Patuano said the company is not ruling out merging its Brazilian division with TIM Participacoes (TSU) and Vivendi (VIVHY) division GVT, but that potential agreement is not a goal for the company at the moment, according to Reuters, citing comments from Marco Patuano. Reference Link
News For TI;TSU;VIVHY From The Last 14 Days
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December 10, 2014
15:19 EDTTI, TSUTelefonica, Oi, Claro to offer $15B for Tim Participacoes, Bloomberg says
Telefonica (TEF), Oi SA (OIBR), and America Movil (AMX, AMOV) owned Claro plan to team up on a takeover bid for Tim Participacoes (TSU) that would value it at about $15B, said Bloomberg, citing people with knowledge of the matter. Telecom Italia (TI), which owns 67% of Brazilís Tim Participacoes, believes Tim should be valued at about $25B or more, including debt, according to a person familiar with the matter, the report noted. Shares of Tim trading in New York are up about 6.6% to $23.69 in afternoon trading after rising as high as $26.54 immediately following the headlines from Bloomberg's report. Reference Link
13:46 EDTTSUTim Participacoes jumps 10.7% to $24.59 after report of Telefonica-Oi offer
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13:45 EDTTSUTelefonica, Oi, Claro to offer $15B for Tim Participacoes, Bloomberg reports
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