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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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July 16, 2014
11:47 EDTVIVHYVivendi almost fired Activision CEO over buyout, Bloomberg says
Activision Blizzard (ATVI) CEO Robert Kotick was nearly fired after he demanded that he head a group helping to buy out most of Vivendi's (VIVHY) share in the video-game firm he led, according Bloomberg citing court filings. Reference Link
July 15, 2014
06:30 EDTVIVHYDOJ investigating music publishing, possible price coordination, WSJ reports
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