Altice approaches Vivendi about tie-up between units

|About: Vivendi SA ADR (VIVHY)|By:, SA News Editor

Vivendi (VIVHY) has received an approach from Amsterdam-listed Altice about an alliance between Vivendi's mobile unit SFR and Altice's cable firm Numericable.

However, Vivendi hasn't yet received a formal offer.

Reuters earlier reported that the the deal being discussed would value SFR at €15B ($20.6B) and give Vivendi a 30% holding in the combined entity. (PR)