Bouygues Rebuffs Drahi’s $11 Billion Bid for Mobile Business

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(Bloomberg) –- Bouygues has rejected Billionaire Patrick Drahi’s bid for its telecommunications unit. The Paris conglomerate said the decision to turn down the unsolicited bid was unanimous. Bloomberg’s Caroline Hyde reports on “Countdown.” (Source: Bloomberg)

Bouygues SA Chief Executive Officer Martin Bouygues rejected Patrick Drahi’s bid for the wireless business he founded two decades ago, saying it can revive profit alone while a sale would face antitrust hurdles and risk jobs at the French company.

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