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Name | Symbol | Market | Type |
---|---|---|---|
Vivendi SE (PK) | USOTC:VIVHY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.02 | -0.17% | 11.98 | 11.97 | 11.98 | 12.002 | 11.94 | 12.00 | 16,771 | 20:32:15 |
Vivendi SA (VIV.FR) is seeking to raise at least 7 billion euros ($8.9 billion) from the sale of Brazilian unit GVT, Reuters news agency reported Wednesday on its website, citing two unnamed sources.
At least four bidders including Brazil's Oi SA (OIBR), Mexico's America Movil SAB (AMX), DirecTV (DTV) and Telecom Italia SpA (TI) have expressed interest in GVT and are taking part in initial talks, the report said. Several investment funds have also shown interest in GVT, the report cited one of the sources as saying.
A Vivendi spokesman declined comment, while calls to Oi and America Movil weren't answered and a Telecom Italia spokesman didn't have an immediate comment, the report said.
An earlier Wall Street Journal story said DirecTV confirmed Monday it might consider bidding for GVT, although the sales process is still in an early phase.
Full story: http://www.reuters.com/article/2012/11/07/us-vivendi-brazil-gvt-idUSBRE8A61JS20121107
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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