DirecTV Pulls Out of Bidding for Vivendi’s GVT Division

DirecTV has pulled out of bidding for Vivendi SA’s Brazilian phone and Internet unit, GVT, forgoing an option to add more services in South America.

DirecTV has withdrawn from the auction process, said Darris Gringeri, a spokesman for the U.S. satellite-TV carrier, in an interview. The largest U.S. satellite-TV provider submitted a preliminary bid for GVT in November, according to people familiar with the matter.