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Vivendi Halts Sale Of Its Brazilian GVT

The company had been seeking about €7 billion in an all-cash deal for the business, but received bids lower than it had hoped for. Vivendi spokesman Simon Gillham was cited by the Wall Street Journal saying the company has decided not to sell for "silly prices". Vivendi's move comes as satellite-TV operator DirecTV, which had been one of the prime bidders, decided to walk away from bidding.

Read the whole story at Computer Business Review »

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