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Broadband

KKR, Apax to submit joint bid for Vivendi's GVT - report

Thursday 31 January 2013 | 22:32 CET | News
Private-equity firms KKR and Apax are teaming up to bid against DirecTV to acquire Vivendi's GVT unit in Brazil, Bloomberg reports, citing unnamed people with knowledge of the matter. The group, which would also include Gavea Investimentos, owned by JPMorgan Chase, and Cambuhy Investimentos, is offering EUR 5 billion for GVT, compared with Vivendi's asking price of about EUR 8 billion, said one of the people.

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Categories: Fixed
Companies: DirecTV / GVT / Vivendi
Countries: Brazil
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