Vivendi to buy Vodafone's stake in SFR
Vivendi announced today that it has agreed to acquire Vodafone's 44 percent stake in French mobile operator SFR for 7.95 billion euros ($11.3 billion).
The deal would give Vivendi, which already owned 56 percent of SFR shares, complete control of SFR--France's second largest carrier, with nearly 21 million customers.
"We are very pleased to reach our strategic objective to own 100 percent of SFR, which will help Vivendi to focus further on profitable growth and innovation," Vivendi CEO Jean-Bernard Levy said in a statement. "I am very confident that this will greatly benefit … Read more