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Altice approaches Vivendi about tie-up between units

  • 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)
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