Update: Market Chatter: CVC Explores Acquisition of Vivendi's Stake in Telecom Italia

(Updates to add Vivendi's statement)CVC Capital Partners (CVC.AS) has held early talks to acquire Vivendi's (VIV.PA) 24% stake in Telecom Italia (TIT.MI), Bloomberg News reported Monday, citing people with knowledge of the matter.Some sources told the news outlet that the private equity company may eventually pursue a full takeover of the Italian telecoms operator and break up the business. Bloomberg noted that the Italian government, also a stakeholder, has veto power against foreign takeovers.The French mass media holding company was reportedly exploring options for its Telecom Italia stake in 2023, the news outlet noted. Data compiled by Bloomberg shows that the stake is presently valued at 1 billion euros.Vivendi told MT Newswires that it has no comment on the matter, while CVC did not immediately respond to a request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Update: Market Chatter: CVC Explores Acquisition of Vivendi's Stake in Telecom Italia

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