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General

Vivendi suspends GVT sale after DirecTV withdraws - report

Friday 15 March 2013 | 09:23 CET | News
Vivendi is suspending the sale of its Brazilian telecom subsidiary, GVT, after one of its main bidders, DirecTV, withdrew from the process, reports the Wall Street Journal. People familiar with the matter told the newspaper that the offers made were lower than Vivendi wanted. The company was seeking as much as EUR 7 billion in cash for GVT, according to one of the sources. A Vivendi spokesman told the newspaper "We've decided we're not going to sell it for silly prices".

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Categories: General
Companies: DirecTV / GVT / Vivendi
Countries: Brazil / World
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