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Stock Market & Financial Investment News

News Breaks
April 5, 2014
19:14 EDTVIVHYVivendi selects the Altice/Numericable offer for SFR
The company said in a press release on its web site: "On its meetings of April 4 and 5, Vivendiís Supervisory Board reviewed the results of the negotiations with Altice/Numericable regarding a combination with SFR as part of a mutually-agreed exclusive period signed on March 14. It also carefully reviewed the offers, as well as letters and documents that the Bouygues Group decided to send to the Supervisory Board during this exclusive period, up until today, in connection with a combination between SFR and Bouygues Telecom. The Supervisory Board was presented with the report from the Special Committee created to examine the different options available to Vivendi. This Committee, assisted by its own advisers, analyzed the Altice/Numericable offers as well as those from the Bouygues Group over eight working sessions held both behind closed doors and in the presence of its advisers . After thorough discussions, the Supervisory Board decided unanimously to select the Altice/Numericable offer which corresponds to the industrial project offering the highest growth potential, generating the highest value for its customers, employees and shareholders, while best meeting Vivendiís objectives... Vivendi selected the most balanced offer between cash upfront and stock participation allowing the group to benefit from the highest total valuation. While pursuing its announced strategy to focus on media, Vivendi wants to support SFR, its 27 year-long subsidiary, by strengthening its industrial and social structure. The Vivendi Supervisory Board has therefore chosen to receive EUR13.5B at closing of the transaction as well as a potential earn-out of EUR750M, with a possibility to sell its 20% stake at a later stage. This should represent a total value in excess of EUR17B. This balance between cash upfront and future upside from industrial value creation fits with Vivendiís philosophy, an industrial and financial group concerned about creating long term value in the interest of shareholders, employees and consumers." Reference Link
News For VIVHY From The Last 14 Days
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April 15, 2015
10:00 EDTVIVHYOn The Fly: Analyst Downgrade Summary
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05:40 EDTVIVHYVivendi downgraded to Hold from Buy at Societe Generale
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April 14, 2015
13:20 EDTVIVHYRecord labels lobby for better royalties from YouTube, Dailymotion, FT says
The International Federation of the Phonographic Industry alleged Tuesday that certain digital video platforms including Google's (GOOG) YouTube and Orange's (ORAN) Dailymotion are relying too much on "safe harbour" laws to avoid paying royalties to record labels, reports the Financial Times, citing statements by IFPI CEO Frances Moore. The move comes as the European Commission weighs reforming EU copyright law. The IFPI is a recording industry group that counts Sony (SNE) Music Entertainment and Vivendi's (VIVHY) Universal Music Group among its members. Reference Link
April 13, 2015
08:42 EDTVIVHYPandora rises after Spotify reportedly valued above $8B in fundraising
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April 12, 2015
16:29 EDTVIVHYVivendi will not bid for Lagardere, Reuters says
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April 9, 2015
19:33 EDTVIVHYVivendi chairman raises stake in company to 14.52%, WSJ says
Vivendi chairman Vincent Bollorť -- through his Groupe Bollorť conglomerate -- has raised his stake in the company by 2.51% to a total of 14.52%, the Wall Street Journal reported earlier. The additional stake was purchased at a cost of roughly $851M, said the Journal. Reference Link
April 8, 2015
13:58 EDTVIVHYVivendi reaches deal with PSAM, to propose additional dividend
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13:33 EDTVIVHYVivendi to propose additional dividend of EUR2 per share
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10:41 EDTVIVHYVivendi seeks 'transformational' deals, has 'no interest' in buying Sky, FT says
Vivendi (VIVHY) CEO Arnaud de Puyfontaine says the company is currently considering "transformational transactions," The Financial Times reports. The executive says Vivendi "will not do deals just because we can do them," and will seek acquisition targets "with intrinsic value." The CEO also notes that Vivendi has "no interest" in buying Sky (SKYAY) and says that ITV is "too expensive." Reference Link
April 7, 2015
18:26 EDTVIVHYVivendi says not in talks to acquire Sky, Bloomberg reports
Vivendi (VIVHY) denied an earlier report by Reuters that it may look to acquire Sky (SKYAY), Bloomberg says. Reference Link
15:31 EDTVIVHYVivendi considering potential acquisition of Sky, Reuters reports
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15:27 EDTVIVHYVivendi considering potential acquisition of Sky, Reuters reports
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06:14 EDTVIVHYVivendi confirms interest in Orange's Dailymotion website, WSJ reports
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April 6, 2015
11:00 EDTVIVHYVivendi to buy Dailymotion video service from Orange, Le Figaro says
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06:38 EDTVIVHYHedge fund will not look to replace Vivendi board, Reuters says
Hedge fund P. Schoenfeld Asset Management will not attempt to replace Vivendi's (VIVHY) board, the hedge fund's founder, Peter Schoenfeld, said, according to Reuters. The hedge fund last month called on the company to increase its share repurchases, the news service stated. Reference Link

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