Vivendi acquired a 37.9% share in Brazilian telecom company GVT, with an option to buy an additional 19.6%, valuing GVT at $4.2 billion. The acquisition was advised by Geneva-based Crédit des Alpes, allowing Vivendi to outbid Telefonica and establish a presence in Latin America. Vivendi, active in communication and entertainment, controls companies like Activision Blizzard and Universal Music Group. In 2008, Vivendi had revenues of €25.4 billion and a net income of €2.7 billion. GVT, a rapidly growing Brazilian telecom company, reported $800 million in sales and $300 million in EBITDA for the fiscal year ending June 30, 2009.
documents/EFTA00753781.pdf
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