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Vivendi to sell SFR in deal that could top $23B

April 06, 2014

NEW YORK— Vivendi said Saturday it will sell SFR, the No. 2 mobile phone operator in France, to media company Altice in a deal that could eventually be worth more than $23 billion. Vivendi wants to focus on its other businesses, Universal Music Group and Canal+ pay television. Vivendi said Altice's bid is worth 13.5 billion euros at closing.

Source: http://www.cnbc.com/id/101557827
 
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