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Bouygues Down, Numericable Up; BFM Says Vivendi Picks Altice Bid 2014-04-04 07:37:37.949 GMT
By Blanche Gatt April 4 (Bloomberg) -- Bouygues drops as much as 3.1% on 2nd consecutive day of losses; BFM website says Vivendi likely to select Numericable parent Altice’s bid for SFR, despite Bouygues’ improved offer, cites unidentified sources. * Vivendi down as much as 0.8% today, Numericable up 1.4% * Liberum says if reports are right and Vivendi has selected Altice/Numericable bid, this is “probably the right move” * Numericable-SFR bid would face fewer regulatory issues * Combination of Numericable’s cable business with SFR’s telco business makes sense * Deal with Numericable may also benefit Vivendi in pay-TV area, with Canal Plus * NOTE: Vivendi’s board meets today to discuss bids after 3 weeks of exclusive talks with Altice * NOTE April 2: Bouygues Keeps Earlier SFR Offer Open to Vivendi * NOTE April 1: Bouygues Extends SFR Bid as Drahi Exclusive Talks Set to End
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To contact the reporter on this story: Blanche Gatt in London at +44-20-7392-0351 or bgatt@bloomberg.net To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net