Brazil green light clears way for Arris completion of Pace deal

Pay TV industry infrastructure giant Arris’s proposed acquisition of UK set-top provider Pace has received preliminary approval, without restrictions, from Brazil’s competition authority CADE, clearing the way for completion of the deal. The Brazilian clearance is expected to become final on December 19,, following Brazil’s mandatory appeals period. When finalized, the approval  will complete the merger-control […]

Vivendi strikes definitive agreement to sell GVT

Vivendi has struck a definitive agreement to sell its Brazilian unit GVT to Telefónica that will also see the French media group take a stake in Telecom Italia. The deal, signed yesterday, will see Vivendi receive €4.66 billion in cash, from which a bank debt of around €450 million and adjustments in working capital will […]