SAO PAULO--Brazil's government has given informal approval for France's Vivendi SA (VIV.FR, VIVEF, VIVHY) to sell a stake in its Brazilian unit, GVT, according to a report in the Folha de S. Paulo newspaper. Vivendi is speeding up talks with two groups, U.S.-based DirecTV (DTV) and a consortium of investment funds led by KKR & Co. LP (KKR) and that includes Gavea Investimentos, of J.P. Morgan Chase & Co. (JPM), the report said. Vivendi is seeking 19 billion Brazilian reais ($9.63 billion) for the firm, and may have to accept a share swap as part of a deal, the report said. DirecTV has offered around BRL15 billion, the report said.

On the web: www.folha.com.br

Write to the Brazil bureau at brazil@dowjones.com

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