Update: Vivendi No Longer Wants to Aquire Stake in Zain

July 20, 2009 | Email This Post Email This Post | Print This Post Print This Post

In an update to last week’s post on Vivendi’s acquisition of Zain, Viviendi has pulled out of the deal.

“Vivendi has applied its usual criteria of profitability and financial discipline to this potential investment in emerging markets, in the best interest of its shareholders,” the company statement said.

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About the author: Theresa Carpenter Sondjo is an entrepreneur and web developer. She lives in Cotonou, where she and her partner run People Online. Their mission is simple: la mise en ligne du Bénin. Follow her on Twitter at @theresac.
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