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Stock Market & Financial Investment News

News Breaks
August 13, 2014
07:25 EDTVIVHY, TITelecom Italia head, Vivendi chairman to discuss GVT offer, Reuters says
Telecom Italia (TI) CEO Marco Putuano is poised to discuss a bid for Vivendi's (VIVHY) Brazilian broadband division GVT with the company's chairman Vincent Bollore, according to Reuters, citing two sources with knowledge of the matter. One of the sources said that the agreement or GVT won't be formalized prior to Vivendi's board meeting on August 28.
News For TI;VIVHY From The Last 14 Days
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December 10, 2014
15:19 EDTTITelefonica, 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

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