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Bids raised for Vivendi's GVT

Telefonica (NYSE:TEF) and Telecom Italia (NYSE:TI) have both launched new bids for Vivendi's (OTCPK:VIVHY) GVT, which will be examined by the latter's supervisory board today.

Telefonica has raised its bid to €4.66B in cash and will offer Vivendi a 12% stake in Telefonica Brasil (NYSE:VIV), together totaling a value of €7.45B.

Telecom Italia's offer represents a total enterprise value of €7B ($9.24B) and includes €1.7B in cash, a 16% stake in Telecom Italia and 15% of TIM Brasil.

Previously: Telefonica discusses raising bid for Vivendi's GVT

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Comments (1)
  • ronhol1216
    , contributor
    Comment (1) | Send Message
    What does this mean for VIV?
    28 Aug 2014, 03:45 PM Reply Like
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