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Stock Market & Financial Investment News

News Breaks
January 17, 2013
07:46 EDTTITelecom Italia fails to attract higher bids, Reuters reports
Telecom Italia (TI) was unable to attract higher bids for its majority stake in the unprofitable Telecom Italia Media TV unit, sources say, as the possibility of a sale diminishes, reports Reuters. Two bidders, private equity fund Clessidra and media firm Cairo, didn't increase their offers, sources say. Reference Link
News For TI 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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