Vivendi To Split From Telecom Unit SFR

Law360, New York (November 27, 2013, 3:09 PM EST) -- Vivendi SA will spin off Internet and mobile unit SFR as the French mass media and telecommunications giant continues to pare itself down in a move to focus on becoming an international producer and distributor of original content, the company announced Wednesday.

The demerger, which the company said it has been mulling since September, would create two separate companies, one that produces and distributes media and one that provides access to media through television and internet.

"Vivendi aims to become an international media group, bringing together...
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