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By Leila Abboud and Lisa Jucca PARIS/MILAN (Reuters) - French media group Vivendi said it would enter into exclusive talks with Telefonica over the sale of its Brazilian broadband unit GVT, choosing the Spanish group over a rival bid from Telecom Italia . Telefonica bid more than Telecom Italia for GVT to ensure that it won the broadband and pay-TV provider, which it will fold into Brazil's leading mobile carrier Vivo . For Vivendi, the GVT sale caps a tumultuous two-year revamp in which it sold off three telecom businesses and its video games arm so as to pay down debt and focus more on media and content. Vivendi will get 4.66 billion euros($6.14 billion) in cash from Telefonica, which raised the cash part of a previous bid on Thursday to see off the Telecom Italia challenge.
By Alistair Smout GLASGOW (Reuters) - A split in Scotland's business elite over independence widened on Thursday, with supporters of secession arguing the economic benefits of going it alone after a rival group had sung the praises of the United Kingdom. On Thursday, a group of 200 Scottish business leaders, including Stagecoach head Brian Souter and engineering tycoon Jim McColl of Clyde Blowers, joined forces in a newspaper letter to back Scotland's breakaway. A day earlier, 130 business leaders, among them the heads of BHP Billiton, temporary power provider Aggreko and HSBC bank, signed an open letter opposing independence, voicing fears of its impact on business. Latest opinion polls show support for independence has gained ground, but is still trailing the pro-union camp.