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Vivendi again increases Telecom Italia stake

2016-02-24 01:00:00| Total Telecom industry news

French media firm holds 22.8% of Italian incumbent, according to regulatory filing.

Vivendi makes takeover bid for Gameloft

2016-02-18 20:43:00| Telecompaper Headlines

(Telecompaper) Vivendi has announced a takeover bid for Gameloft, after building up a 30 percent stake in mobile games publisher. The offer of EUR 6 per share represents a premium of 50 percent on Gameloft's share price 14 October 2015, the day prior to Vivendi first disclosing a stake in the company and a premium of 23 percent over the weighted average share price over the past six months. Vivendi said the acquisition of Gameloft supports its strategy to expand in the content and media sectors. The bid is expected to face opposition from the Guillemot family, which founded Gameloft and is its second-largest shareholder. The family has been increasing its stake since Vivendi started acquiring shares last autumn.

Tags: makes bid takeover vivendi

Vivendi not acting for others in Telecom

2016-01-19 15:22:59| Telecom - Topix.net

Rome, January 19 - Vivendi CEO Arnaud De Puyfontaine reiterated on Tuesday that the French group is not moving on behalf of any third parties after acquiring a stake of over 20% in Telecom Italia. "Vivendi is a long-term investor in Telecom Italia," De Puyfontaine told an Italian Senate hearing.

Tags: others acting telecom vivendi

Vivendi prevails in Telecom Italia board battle

2015-12-16 08:41:00| Telecompaper Headlines

(Telecompaper) Vivendi has prevailed in its attempt to gain four seats on the Telecom Italia board as a slim majority of shareholders voted in favour of the French media group's request to increase the number of board members from 13 to 17 to make way for four of its own representatives. Around 53 percent of shareholders backed Vivendi's proposal at a 15 December meeting in a vote that needed a simple majority to pass. Vivendi CEO Arnaud De Puyfontaine and three other directors will now take their place on Telecom Italia's board even though proxy shareholder advisers had previously said four seats would give the French company too much influence. Earlier on in the same session Vivendi had successfully blocked a management-supported share conversion plan that would have diluted its 20.5 percent stake to around 13 percent.

Tags: board italia battle telecom