Tag

Vivendi

All articles tagged with #vivendi

gaming1 year ago

The Intern Who Rescued Valve and Revolutionized Gaming

Valve nearly faced bankruptcy before launching Half-Life 2 and Steam due to a legal battle with Vivendi, which sought to bankrupt the company. The situation was salvaged by a summer intern named Andrew, who discovered crucial evidence in Korean-language documents that turned the case in Valve's favor, allowing them to secure a favorable settlement and retain their intellectual property. This intervention was pivotal in preserving Valve's future and the landscape of PC gaming.

business2 years ago

Telecom Italia Defies Top Investor, Approves $20 Billion Grid Sale to KKR

Telecom Italia (TIM) has approved the €19 billion ($20 billion) sale of its fixed-line network to U.S. private equity firm KKR, making it the first major European telecoms group to divest its landline grid. The deal, supported by the Italian government, is seen as crucial for TIM's debt-laden revival and Italy's efforts to bridge its digital divide. The sale, which could reach €22 billion with debt, is expected to close in the summer of 2024 and would allow TIM to reduce its financial debt by around €14 billion. Leading shareholder Vivendi, which owns 24% of TIM, has opposed the sale and plans to challenge it legally.