The French media group is likely to close the deal in the coming weeks after receiving approval from the government for a deal with either DirecTV or a group of investment firms led by KRR, according to local publication Folha de S.Paulo.
A Vivendi executive told the paper that the company may accept a share swap as part of a deal to get closer to the $9.6 billion it is asking for GVT.
Final bids are expected by mid-March.
DirecTV said it will maintain its cash offer at around 15 billion Brazillian Real but could sweeten the deal with a share swap.
Meanwhile the deal with a group of private equity funds including KKRs would involve a smaller offer that would leave Vivendi with a partial stake in GVT, reports Folha.
