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Stock Market & Financial Investment News

News Breaks
March 14, 2014
09:34 EDTVIVHYVivendi enters exclusive negotiations with Altice for SFR unit
Vivendi announced its Supervisory Board met today and examined the two offers for SFR received from Altice and Bouygues. The Supervisory Board has now decided to enter into exclusive negotiations with Altice for a period of three weeks. It considers their offer to be the most pertinent for the Groupís shareholders and employees, with the opportunity for effective execution. The Altice offer comprises an EUR11.75B payment to Vivendi and a 32% share in the equity of the combined listed entity. It also provides Vivendi with pre-determined exit conditions. At the end of the three weeks, the Supervisory Board will meet again to examine the next steps and to decide if it should put an end to the other options envisaged, the company said.
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August 29, 2014
08:04 EDTVIVHYTelefonica sees closing deal for GVT by mid-2015
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August 28, 2014
15:13 EDTVIVHYTelecom Italia says proceeding with Brazil plans after Vivendi decision
Telecom Italia (TI) noted the decision by the Supervisory Board of Vivendi (VIVHY) to enter into exclusive negotiations with Telefonica (TEF) in relation to the sale of GVT. "From the start Telecom Italia has made it clear that it would take a disciplined approach to its strategy in Brazil, in order to maximize the value for all its shareholders. The company continues to pursue its development and investment plans in the country in line with the Groupís 2014-2016 Business Plan, leveraging on TIM Brasilís strong position in the market," Telecom Italia stated.
09:09 EDTVIVHYVivendi confirms exclusive talks with Telefonica to acquire GVT
Vivendi (VIVHY), as previously disclosed, received binding offers from Telefonica (TEF) on August 4 and 28 and Telecom Italia (TI) on August 28 to acquire GVT. "In the light of the Groupís strategy and in the best interests of its shareholders, the Supervisory Board decided to enter into exclusive negotiations with Telefonica while emphasizing the relevance and quality of the Telecom Italia offer. The divestment from GVT would allow selling the last telecom company wholly-owned by Vivendi after the disposals of Maroc Telecom and SFR. Telefonicaís offer is considered particularly attractive, generating a capital gain of more than EUR 3B. The other conditions of the offer, limiting to a strict minimum the risk of executing the operation as well as Vivendiís commitments after the sale, are totally in line with Vivendiís objectives. The agreement between Telefonica and Vivendi would allow the development of joint projects in ​​content and media. In addition, if it so wish, Vivendi could become a shareholder in Telecom Italia by exchanging its Brazilian shares for Italian ones. The Telefonica offer best meets the Groupís strategic and financial objectives," Vivendi stated.
09:07 EDTVIVHYVivendi reports 1H earnings in line with expectations
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06:23 EDTVIVHYTelefonica submits new offer for Vivendi GVT unit
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06:10 EDTVIVHYTelecom Italia revises offer for Vivendi's GVT to EUR7B
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August 27, 2014
09:38 EDTVIVHYTelefonica to contemplate improving GVT offer, WSJ says
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August 26, 2014
15:52 EDTVIVHYTelecom Italia to offer Vivendi $9.2B for GVT unit, Reuters says
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06:36 EDTVIVHYTelefonica board mulls increasing GVT offer, Bloomberg says
Telefonica's (TEF) board is aiming to talk about increasing its bid for Vivendi's (VIVHY) GVT division, and could potentially value the business at nearly $10.6B, according to Bloomberg, citing a person with knowledge of the matter. The source noted that the raised offer might be presented prior to Vivendi's upcoming board meeting in two days and before Telecom Italia (TI) finalizes a competitive bid. Reference Link

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