Vivendi Shareholders Greenlight Major Corporate Restructuring Ahead of Upcoming Listings
In a pivotal move for the media and entertainment giant Vivendi, shareholders have overwhelmingly approved a significant corporate restructuring that entails a split of the company into distinct entities. This decision marks a transformative step forward for Vivendi, which aims to enhance its market competitiveness and unlock shareholder value. With the anticipated stock market listings set to occur next week, the approval represents a bold new chapter for the company.
Continue readingThai Tycoon’s Power & Telco Arms Skyrocket as Holders Approve Merger
Shareholders approved the merger of Thai billionaire Sarath Ratanavadi's telecom and power companies in a milestone chapter for Thai corporate history, paving the way for a sharp surge in shares of both companies. The complex deal represents one of the major corporate restructurings of Ratanavadi's diverse interests and promises to alter the business landscape.
Continue readingAT&T Sells DirecTV Holding to TPG for $7.6 Billion in Strategic Divestment
This is a strategic deal: part of its efforts to streamline operations and shore up its balance sheet, AT&T has reached a deal to sell its DirecTV holding to private equity firm TPG Capital. This key shift in a deal valued at $7.6 billion puts AT&T in the right frame as it navigates a fast-changing telecommunications and media landscape.
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