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Tag: stake
INDIA/UK: Diageo takes control of United Spirits with further stake buy
2013-07-04 16:36:52| Daily beverage news and comment - from just-drinks.com
Diageo has completed the latest round of its United Spirits purchase, and is now the major shareholder in the Indian firm.
Tags: buy
united
control
takes
Telecom Italia sells MTV Italia stake to Viacom
2013-07-04 11:02:00| Telecompaper Headlines
(Telecompaper) Telecom Italia Media announced an agreement to sell its 51 percent stake in MTV Italia to Viacom International Media Networks, giving the US company full control of the Italian music channel. Telecom Italia will receive EUR 10 million for its stake and agreed to waive a EUR 9.7 million loan to MTV Italia. The parties also agreed to a multi-year renewal of a contract with Telecom Italia Media's broadcasting services arm for transmission capacity and services. Subject to regulatory approval, the deal is expected to close by the end of September. The sale follows TI Media's earlier divestment of the La7 TV channel, as part of efforts to reduce its debt and improve profitability. After disposing of the MTV stake, its only remaining activity is Telecom Italia Media Broadcasting, a DTT broadcast services provider.
Tags: italia
telecom
mtv
sells
YouTube renews partnership, takes stake in Vevo
2013-07-03 09:13:00| Telecompaper Headlines
(Telecompaper) YouTube confirmed it has renewed its distribution partnership with music video site Vevo. People familiar with the discussions told the Financial Times that YouTube ended up with a small stake in Vevo as part of the deal, valued at about USD 40 million or more. The agreement with YouTube is expected to facilitate negotiations with other investors in Vevo. The company has been in talks for over a year to bring in new investors, which could include Guggenheim Digital Media and Allen & Co, the paper said. Vevo was founded by Universal Music and Sony Music, and the Abu Dhabi Media Company also holds a small stake.
Tags: takes
partnership
youtube
stake
Rosneft acquires additional stake in ITERA Oil and Gas for $2.9bn
2013-07-03 01:00:00| Hydrocarbons Technology
Russian state-controlled oil company Rosneft has acquired the remaining 49% interest in Itera Oil and Gas Company from Itera Holdings for $2.9bn.
Tags: additional
gas
oil
stake
VINCI acquires additional 4.7% stake in Aeroports de Paris
2013-07-03 01:00:00| Airport Technology
VINCI has signed a 364.6m deal with Aeroports de Paris (ADP) to acquire an additional 4.7% stake in the French airport operator, bringing its overall stake to 8% upon the completion of the transaction.
Tags: additional
paris
stake
vinci
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