Telecoms Tycoon Seeks to Buy Out Vivendi From Numericable-SFR

Telecoms Tycoon Seeks to Buy Out Vivendi From Numericable-SFR

Billionaire Patrick Drahi wants to buy Vivendi's 20 percent stake in Numericable-SFR to strengthen his grip on France's Number two telecoms group and prepare for a possible next round of industry consolidation.br Drahi's holding company Altice and its subsidiary Numericable-SFR said on Wednesday they had offered Vivendi $4.5 billion, or about $45 dollars a share, for the media firm's stake.


User: Wochit

Views: 194

Uploaded: 2015-02-18

Duration: 00:35

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