Leila's Feed
Nov 6, 2015

Vivendi will not oppose Telecom Italia stock conversion-source

MILAN/PARIS (Reuters) – Telecom Italia’s biggest shareholder, Vivendi(VIV.PA: Quote, Profile, Research, Stock Buzz), will not oppose the conversion of savings shares into ordinary stock despite the resulting dilution of the French media group’s 20 percent stake, a person familiar with the matter said.

Telecom Italia’s board approved the proposal for conversion of its 6.03 billion savings shares on Thursday, in a move that helps it raise cash but also dilutes the holdings of the two French business tycoons who have recently taken an interest in the company.

Nov 3, 2015

Activision Blizzard buys ‘Candy Crush’ maker for $5.9 billion in mobile push

DUBLIN (Reuters) – Video game maker Activision Blizzard (ATVI.O: Quote, Profile, Research, Stock Buzz) is to buy “Candy Crush Saga” creator King Digital Entertainment (KING.N: Quote, Profile, Research, Stock Buzz) for $5.9 billion, as the heavyweight of console and PC gaming makes a major push into the faster-growing mobile market.

The deal would be one of the biggest in the industry in recent years, more than twice the size of Microsoft’s (MSFT.O: Quote, Profile, Research, Stock Buzz) $2.5 billion purchase of “Minecraft” maker Mojang last year, and the biggest-ever acquisition of a mobile gaming company.

Nov 3, 2015

Activision Blizzard to buy ‘Candy Crush’ maker King for $5.9 billion

DUBLIN (Reuters) – Video game maker Activision Blizzard (ATVI.O: Quote, Profile, Research) it to buy “Candy Crush Saga” creator King Digital Entertainment (KING.N: Quote, Profile, Research) for $5.9 billion, as the heavyweight of console and PC gaming makes a major push into the faster-growing mobile market.

The deal would be one of the biggest in the industry in recent years, more than twice the size of Microsoft’s (MSFT.O: Quote, Profile, Research) $2.5 billion purchase of “Minecraft” maker Mojang last year, and the biggest-ever acquisition of a mobile gaming company.

Nov 3, 2015

Activision Blizzard to buy “Candy Crush” maker King for $5.9 bln

DUBLIN, Nov 3 (Reuters) – Video game maker Activision
Blizzard it to buy “Candy Crush Saga” creator King
Digital Entertainment for $5.9 billion, as the
heavyweight of console and PC gaming makes a major push into the
faster-growing mobile market.

The deal would be one of the biggest in the industry in
recent years, more than twice the size of Microsoft’s
$2.5 billion purchase of “Minecraft” maker Mojang last year, and
the biggest-ever acquisition of a mobile gaming company.

Oct 29, 2015

Iliad founder Xavier Niel buys Telecom Italia stake

PARIS/MILAN (Reuters) – French tycoon Xavier Niel has built up the equivalent of a 11.2 percent voting stake in Telecom Italia, setting up a potential power struggle with largest shareholder Vivendi (VIV.PA: Quote, Profile, Research, Stock Buzz) over the carrier’s future.

As of October 21, Niel’s position included a potential voting stake of 6.1 percent deriving from call options, and other long positions equivalent to 5.109 percent, according to a filing to Consob, the Italian markets regulator.

Oct 29, 2015

Iliad founder Niel buys Telecom Italia stake-source

PARIS/MILAN, Oct 29 (Reuters) – Xavier Niel, the founder of
low-cost French mobile operator Iliad, has bought 6
percent of Telecom Italia via a personal investment company and
has another 5 percent through derivative contracts, a source
with knowledge of the matter said.

The source was confirming a Bloomberg report. Shares in
Telecom Italia were trading 5.2 percent higher by 1210
GMT, their highest levels since July 2008.

Oct 29, 2015

Nokia beats estimates and returns cash, Alcatel deal on track

HELSINKI/PARIS (Reuters) – Nokia NOK1V.HE, the world’s No.3 network equipment maker, on Thursday reported stronger-than-expected profits as growth in China offset weaker demand in North America and Europe, and announced a new plan to return money to shareholders.

The Finnish company also said it was on track to complete its proposed 15.6 billion euro ($17 billion) Alcatel-Lucent (ALUA.PA: Quote, Profile, Research, Stock Buzz) takeover in the first quarter of next year after securing regulatory approvals, and brought forward its 900 million euro cost-saving target for that deal by a year to 2018.

Oct 28, 2015

Numericable-SFR steps up marketing spend to stem customer losses

PARIS, Oct 28 (Reuters) – French telecoms operator
Numericable-SFR stemmed customer losses in the third
quarter by spending more on marketing, with the promotional
effort set to continue over the year-end holiday season.

Franco-Israeli tycoon Patrick Drahi’s holding company,
Altice, which has been running France’s second-largest
telecoms operator since January, had been losing mobile and
broadband customers to competitors as it overhauled its tariffs
and focused on cost-cutting to boost profits.

Oct 22, 2015

Orange raises annual profit target as recovery takes hold

PARIS, Oct 22 (Reuters) – Orange posted higher
third-quarter sales and core profit for the first time since
2009, helped by stronger results in its key market of France,
prompting the telecoms group to raise its profit target for the
year.

Europe’s fourth-largest operator by sales said on Thursday
that restated earnings before interest, tax, depreciation, and
amortisation (EBITDA) would reach at least 12.3 billion euros
this year, compared with an earlier goal of 11.9 to 12.1 billion
euro.

Oct 22, 2015

Publicis scales back sales growth target after weak Q3

PARIS, Oct 21 (Reuters) – Publicis’ sales slowed
markedly in the third quarter, hurt by weakness in the United
States where customers delayed or cut marketing projects,
forcing it to cut its annual organic growth target to 1 percent
from 2.5 percent.

The results are the latest setback for the world’s
third-biggest advertising agency by sales, which has been
lagging competitors like WPP and Omnicom in
terms of growth and fighting to retain key customers like
Procter & Gamble amid an unprecedented slew of contract
reviews.