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Vivendi to sell SFR to Altice for up to $19.5B

April 05, 2014

NEW YORK— Vivendi says it will sell SFR, the No. 2 mobile phone operator in France, to media company Altice in a deal that could be worth up to $19.5 billion. Vivendi says it accepted a bid worth 13.5 billion euros. Vivendi wants to focus on its other businesses, Universal Music Group and Canal+ pay television.

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