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Stock Market & Financial Investment News

News Breaks
August 19, 2014
06:26 EDTVIVHY, TITelecom Italia board plans meeting to discuss GVT bid, Reuters says
Telecom Italia (TI) is poised to have a board meeting sometime next week to talk about making a takeover bid for Vivendi's (VIVHY) GVT division, according to Reuters, citing a source close to the matter. The source said, "Certainly nothing will happen this week," but explained that the meeting was likely to occur on August 27. Reference Link
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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