Vivendi bids $2.9B for Brazilian carrier GVT to challenge Telefónica
French entertainment and telecom conglomerate Vivendi has prepared a $2.9 billion offer for Brazilian operator GVT. There are lots of hurdles to be cleared, Reuters reports. But the acquisition would be a challenge to Spain’s Telefónica in the largest market in Latin America. Reuters says don’t be surprised if Telefónica counterbids.
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About the Author, Paul Boutin
Paul (paul@venturebeat.com) covers Apple & the iPhone, social networks & social media, digital music & video, and any crazy Internet story. Paul wrote and edited for Valleywag from 2006-2008, after several years with Wired magazine and Slate. He writes regularly for The New York Times' technology section and sometimes for Wired and The Wall Street Journal. He studied computer science at MIT in the early 1980s, and worked as a software developer and network administrator for 15 years before becoming a professional writer. Follow him on Twitter at @paulboutin, and follow VentureBeat on Twitter at @venturebeat.