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Vivendi’s Levy Gets Cash Cow With EU7.95 Billion SFR Deal

Vivendi SA Chief Executive Officer Jean-Bernard Levy’s 7.95 billion-euro ($11.3 billion) SFR deal, his largest, gives him full ownership of the company’s biggest cash generator and completes a decade-long effort to break from its messy past.

Vivendi, which owns 56 percent of SFR, France’s second-largest mobile-phone operator, yesterday announced an agreement to buy Vodafone Group Plc’s 44 percent stake, giving it full control of the steady, subscription-based business that has 21.3 million users.