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Vivendi Favors Telefónica Over Telecom Italia for GVT Unit [Yerepouni Daily News (Armenia)](Yerepouni Daily News (Armenia) Via Acquire Media NewsEdge) Vivendi SA in a swift decision Thursday favored an offer worth nearly $10 billion for its Brazilian telecommunications business from Spanish telecom giant Telefónica SA over a bid from rival Telecom Italia SpA, ending a surprise bidding war between two of Europe’s largest telecom companies. Vivendi said it had decided to enter into exclusive talks with Spain’s Telefónica after its board held a brief meeting to review offers it… (c) 2014 Yerepouni Daily News. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info). |