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Vivendi's Telepiu sale delayed again

Vivendi Universal was forced into retreat again today when chairman and chief executive Jean-Rene Fourtou had to admit that the sale of Italian pay-TV operation Telepiu to News Corp had been delayed.Only yesterday, as part of a major strategy announcement, Fourtou had proclaimed the sale for Euros1bn, a price already well below the Euros1.5bn the two groups had provisionally agreed earlier this year.Late on Wednesday, News Corp issued a statement to the Australian Stock ...

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