Entering text into the input field will update the search result below

Telefonica triumphs in GVT bidding war

Aug. 29, 2014 2:41 AM ETVivendi SE (VIVHY) StockTEF, VIV, VIVHY, TIIAYBy: Yoel Minkoff, SA News Editor
  • Vivendi (OTCPK:VIVHY) has chosen Telefonica (NYSE:TEF) for exclusive talks over the sale of its Brazilian wireline carrier GVT, snubbing a rival bid from Telecom Italia (NYSE:TI).
  • "The Telefonica offer best meets the group's strategic and financial objectives," announces Vivendi.
  • Telefonica's bid is valued at €7.45B, and will merge GVT with its Brazilian mobile phone carrier subsidiary Vivo (NYSE:VIV) to create the country's biggest telecom group.
  • Previously: Bids raised for Vivendi's GVT

Recommended For You

More Trending News

About VIVHY Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
VIVHY--
Vivendi SE