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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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July 2, 2015
06:44 EDTVIVHYFacebook holds talks with major labels to 'get into music', The Verge reports
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July 1, 2015
11:37 EDTVIVHYVivendi reports 14.9% stake in Telecom Italia
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June 30, 2015
12:45 EDTVIVHYVivendi finalizes acquisition of Dailymotion
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June 26, 2015
09:18 EDTVIVHYSirius XM discloses settlement agreement with various record companies
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June 25, 2015
17:55 EDTVIVHYVivendi CEO says 'never say never' on raising Telecom Italia stake, Reuters says
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08:47 EDTVIVHYMarriott and Universal Music Group launch global marketing partnership
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June 24, 2015
15:41 EDTVIVHYVivendi increases position in Telecom Italia to 14.9%
Vivendi (VIVHY) announced that it has received 1.11B ordinary shares, or 8.24%, of Telecom Italia (TI) in exchange for 4.5% of the share capital of Telefonica Brasil (VIV), in accordance with the option given to it as part of the sale of GVT to Telefonica (TEF). Separately, Vivendi increased its ordinary shares in Telecom Italia from the recently purchased 1.9% with an additional stake of 4.76% purchased on June 22 for a total of 6.66%, representing a global cash payment of approximately EUR1B. Vivendi now owns 14.9% of Telecom Italiaís ordinary shares and has thus replaced Telefonica as the companyís largest shareholder. "This investment represents an opportunity for Vivendi... to expand in a market with significant growth prospects and a very strong appetite for quality content. Vivendi intends to support Telecom Italia over the long term," said the company.
June 22, 2015
06:42 EDTVIVHYVivendi expected to raise Telecom Italia stake to 14.9%, Reuters reports
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