This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Business News Deals Labels & Publishers
Vivendi sells SFR
By Andy Malt | Published on Monday 7 April 2014
Universal Music owner Vivendi has announced that it is to sell its flagging telecoms business SFR to media company Altice, in a deal worth up to $23.3 million, according to Billboard.
As previously reported, the French conglom has been expected to offload its telecoms business for a while, and confirmed that it would do so last November. Having also sold off most of its stake in gaming firm Activision, it leaves Vivendi with just Universal Music and French TV firm Canal Plus in its portfolio of companies.
The deal still has to gain regulator approval.
