Vivendi In Talks With Altice To Sell Off Mobile Unit SFR

Law360, New York (February 24, 2014, 4:23 PM EST) -- French mass media and telecommunications giant Vivendi SA said Monday that it had been approached by The Altice Group regarding its attempts to sell off its SFR unit but that no formal offer had been made.

Vivendi has been mulling a split from its Internet and mobile unit SFR since September. On Monday, the company verified rumors that it had been in contact with Altice concerning a possible deal in which Altice's cable-TV group Numericable would acquire a majority stake in SFR, but it denied French...
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