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Tag: vivendi
Vivendi offers EUR 250 mln for Dailymotion - report
2015-04-07 08:33:00| Telecompaper Headlines
(Telecompaper) The board of Orange is meeting on 7 April to consider a EUR 250 million offer from Vivendi to buy 100 percent of video portal Dailymotion, writes Les Echos, citing "several sources". Orange invested EUR 160 million in Dailymotion after a deal to sell it to Yahoo! fell through over government opposition to selling a French digital 'success story' to foreign owners. The 25 percent-State owned operator would make its money back, and more, if it accepted Vivendi's offer. Vivendi, Orange and Dailymotion refused to confirm the information. Les Echos also writes that Hong Kong conglomerate Hutchison Whampoa has pulled out of talks to buy a minority stake in Dailymotion after interior minister Emmanuel Macron said the company should remain in European hands.
Tags: report
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eur
dailymotion
Vivendi confirms Dailymotion offer, faces competition
2015-04-07 02:00:00| Total Telecom industry news
French firm says it has approached Orange about video sharing site, German firm also in the running, according to press reports.
Tags: offer
competition
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dailymotion
Orange negotiates 217m Dailymotion deal with Vivendi
2015-04-07 02:00:00| Total Telecom industry news
French telco enters exclusive talks with media company about sale of 80% stake in video sharing site.
Tags: deal
orange
dailymotion
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Altice offers Vivendi EUR 3.9 bln for remaining 20% in SFR
2015-02-18 09:14:00| Telecompaper Headlines
(Telecompaper) Telecom holding company Altice and its French subsidiary Numericable-SFR have made an offer to buy the 20 percent outstanding stake in Numericable-SFR held by Vivendi for EUR 40 per share. The offer values the 20 percent stake at EUR 3.9 billion and takes the total price paid for SFR to EUR 17 billion. Under the proposal, half of the stake would be bought through a share buyback programme to be approved at a Numericable-SFR general assembly. The other half will be bought by Altice France for approximately EUR 1.95 billion, plus 3.8 percent interest, before 7 April 2016. The payment has already been secured with a bank guarantee. The two stake purchases will close after the general assembly to be held no later than 30 April. Vivendi said its board will consider the offer at its next meeting 27 February.
Vivendi opts for exclusive talks with Telefonica on GVT sale
2014-08-28 16:37:00| Telecompaper Headlines
(Telecompaper) Vivendi has decided to enter exclusive negotiations with Telefonica on the sale of its Brazilian broadband operator GVT. The decision comes within a day of Telefonica raising its bid to EUR 7.45 billion, beating an offer of EUR 7 billion from Telecom Italia. Telefonica's offer also comes with a higher cash portion and a stake in Telefonica Brasil. If Vivendi reaches agreement on the sale of GVT, it will exit the telecoms business completely, after earlier selling French operator SFR and Maroc Telecom. Vivendi said it found Telefonica's offer for GVT more attractive, resulting in a profit of more than EUR 3 billion. The bid also carries limited risks, especially after completion of the sale, while opening up opportunities for closer cooperation between the two groups in the media and content sectors.
Tags: sale
exclusive
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telefonica
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