Vivendi's SFR sold to Numericable

After a month-long fierce bidding war against Bouygues, Numericable buys Vivendi's telecoms subsidiary SFR for 13.5 billion euros.

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France's Vivendi said it had accepted cable company Numericable's bid for its telecom unit SFR, which would give Vivendi at least 13.5 billion euros ($18.5 billion) in cash plus a 20-percent stake in the new entity, reports Reuters.