Reuters - Video

EDITION: U.S. | U.K. | IN

Breakingviews

Breakingviews: Telefonica's bidding war

Thursday, August 28, 2014 - 03:16

Telefonica has upped its bid for Vivendi’s GVT to €7.5 bln. Rival Telecom Italia valued the broadband company at €7 bln. Breakingviews says Vivendi could yet wring more out of this auction.

▲ Hide Transcript

View Transcript

I live -- Brazil's telecoms market size and -- he's not yet again from Chris Hughes is looking at this. Breaking views -- and just just just run us through exactly what's happening now we've got the technical Italian Telefonica Italy and Spain. I'm going to GVT. The Vivendi Brazilian broadband unit by Telefonica Telefonica is -- -- it. That's -- right so this is. -- -- and that we expects its. Telefonica submissive that. For the fourth time this into the bid -- TVT two now Telefonica has counted and I think stands. Telefonica has what looks on paper. Like the benefits it -- -- -- seven point yes some of forefront that in an era is verses seven billion prompt -- mare. Candles that is more cash in the telephone call from a Telefonica is -- from the pressure on not only have -- All of a -- -- until -- on price I mean if you value. Cash and that is questionable -- but normally. Vandals prefer to have more cash consideration. It's also pretty old is also putting a deadline. All on it on this proposal saying. It's. In his -- represent quick. However us all how about sided there's some caveats around we also news mood. And the the possible right -- and the move and he is -- In France. Potential. These interest in beefing up in. In its in the so we a loss just is that as this is not a wave yet. So it's a basic you will -- suggest or fairness -- have pieces. It that have been. Vivendi is gonna Obama are about to Telefonica is that it's gonna force Telefonica to get even higher because actually TV team event -- -- all right when it's. The touted. Well I think Obama is that probably Telefonica can afford to I have been able. They're a huge potential sentences in this and it doesn't look right now Telefonica is painless way to say. From the event people perspective it must thinking we can maybe squeeze that more around now. Just -- holes the that's a contaminant all awful it is looks no it doesn't mean. That Vivendi's homes still use that as. On some kind of leverage have Telefonica he knows TI made. May come back with. Is something a little bit entries. It's called see how -- -- financial resources to do public and -- more spoken to that puzzle and then and then -- mark on pop. Telephone has also reopens as -- just yet. -- target ID three ministries by the way on the bring -- sites. George you Russia twelve cities and 1730 BST. I'm -- problems is horses.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Breakingviews: Telefonica's bidding war

Thursday, August 28, 2014 - 03:16

Top News »

Investing 201 »

Arian Foster = BlackBerry? Arian Foster = BlackBerry?

Fri, Oct 25, 2013 - (3:16)

Don’t miss these red flags for IPOs Don’t miss these red flags for IPOs

Thu, Oct 10, 2013 - (2:34)

Copycat currency trading Copycat currency trading

Wed, Oct 02, 2013 - (2:28)

When to dump a winner When to dump a winner

Tue, Sep 24, 2013 - (1:55)

Where gold might again attract Jim Rogers Where gold might again attract Jim Rogers

Thu, Sep 19, 2013 - (2:05)

Why savings interest rates won't budge Why savings interest rates won't budge

Fri, Sep 13, 2013 - (2:09)

Buy local? ETFs try the trend Buy local? ETFs try the trend

Thu, Sep 05, 2013 - (2:42)

The better bond funds The better bond funds

Wed, Aug 07, 2013 - (2:40)

Best bargain in 40 years? European stocks Best bargain in 40 years? European stocks

Thu, Aug 01, 2013 - (2:24)

Invest like an activist Invest like an activist

Fri, Jul 26, 2013 - (2:49)

Money Clip »

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

“Stalking” your dream home - Money Clip “Stalking” your dream home - Money Clip

Wed, Mar 27, 2013 - (2:50)

3 hidden tax deductions - Money Clip 3 hidden tax deductions - Money Clip

Thu, Mar 21, 2013 - (1:33)

Moving Pictures »

Still missing – MH370 Still missing – MH370

Fri, Sep 05, 2014 - (2:05)

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Thu, Jul 03, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)