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Vivendi Accepts Altice’s EU13.5 Billion Offer for SFR Phone Unit 2014-04-05 13:46:00.172 GMT
By Gregory Viscusi April 5 (Bloomberg) -- Vivendi SA accepts Altice’s offer for its SFR mobile phone unit in a sale that could eventually be worth EU17b, the French co. says in an e-mailed statement. * Vivendi to receive EU13.5b at closing, with an eventual further payment of EU750m, and the right to later sell its residual 20% stake in the unit: Vivendi * “At the end of deep discussions, the board decided unanimously to accept the offer from Altice/Numericable which was the industrial project most likely to bring growth, to create value for clients, employees, and shareholders, and responds best to Vivendi’s objectives,” Vivendi said in statement today * NOTE: Vivendi also received competing offer from Bouygues * NOTE: Vivendi to Discuss SFR Offers NSN N3ISWR6K50YC <GO>
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To contact the reporter on this story: Gregory Viscusi in Paris at +33-1-5365-5068 or gviscusi@bloomberg.net To contact the editors responsible for this story: James Hertling at +33-1-5365-5075 or jhertling@bloomberg.net Mike Harrison