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Vivendi sells online game firm stake

2013-07-26 14:38:54| BBC News | Business | UK Edition

Vivendi sells control of US games firm Activision Blizzard, the company behind Call of Duty, Guitar Hero and World of Warcraft.

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Newmont Mining Sells Canadian Oil Sands Stake

2013-07-10 17:10:00| OGI

Newmont owns about 6.5% of Calgary-based Canadian Oil Sands and will sell its stake to a banking syndicate that will then offer the shares to various buyers.

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Boulder's Backflip Studios sells majority stake to Hasbro

2013-07-10 01:05:30| Toys - Topix.net

A Boulder-based mobile-game developer has sold a majority stake to a toy company looking to expand into the virtual-game world.

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ITALY: Loro Piana sells majority stake to LVMH

2013-07-08 20:04:00| Daily apparel & textile news and comment - from just-style.com

Italian luxury brand Loro Piana has sold a majority stake in the business to Moët Hennessy Louis Vuitton LVMH.

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Telecom Italia sells MTV Italia stake to Viacom

2013-07-04 11:02:00| Telecompaper Headlines

(Telecompaper) Telecom Italia Media announced an agreement to sell its 51 percent stake in MTV Italia to Viacom International Media Networks, giving the US company full control of the Italian music channel. Telecom Italia will receive EUR 10 million for its stake and agreed to waive a EUR 9.7 million loan to MTV Italia. The parties also agreed to a multi-year renewal of a contract with Telecom Italia Media's broadcasting services arm for transmission capacity and services. Subject to regulatory approval, the deal is expected to close by the end of September. The sale follows TI Media's earlier divestment of the La7 TV channel, as part of efforts to reduce its debt and improve profitability. After disposing of the MTV stake, its only remaining activity is Telecom Italia Media Broadcasting, a DTT broadcast services provider.

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