Vivendi Taps Altice In SFR Bidding War

Law360, New York (March 14, 2014, 3:02 PM EDT) -- French telecom holding company Altice SA has seemingly won its bid to acquire SFR, a unit of French mass media giant Vivendi SA, as the parties agreed Friday to enter exclusive talks, possibly ending what had turned into a bidding war with Bouygues SA for the mobile phone and Internet provider.

At a supervisory board meeting Friday, Vivendi chose an offer from the Altice-controlled French cable and Internet provider Numericable over a competing offer for SFR from Bouygues, Vivendi said. The companies will engage in exclusive...
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