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Vodafone acquires control of Vizzavi

British mobile phone giant Vodafone Plc said on Friday it had bought troubled media group Vivendi’s 50 percent stake in their web portal joint venture Vizzavi for EUR 142.7 ($140.6 million). The much-touted move comes as Vivendi, the world’s second-largest media company struggles to stave off a cash crisis. Analysts believe the deal could breathe fresh life into an internet portal designed for mobile phones and personal and handheld computers, which some had dismissed as worthless.

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