Bouygues SA, the construction and telecommunications group led by Martin Bouygues, offered 10.5 billion euros ($14.4 billion) in cash for Vivendi SA’s SFR unit, setting up a bidding war with billionaire Patrick Drahi and potentially creating a phone carrier to rival Orange SA.
Bouygues SA, the building and telecommunications company led by Martin Bouygues, is holding a board meeting today to review its bid for Vivendi’s SFR unit, according to a person familiar with the matter.
Havas SA, the French advertising agency partly-owned by billionaire Vincent Bollore, said David Jones is standing down as chief executive to start his own company. Chairman Yannick Bollore will take over the top job.
Bollore SA, an investment company controlled by French billionaire Vincent Bollore, is competing to expand its African unit to operate five more port terminals and is eyeing similar growth in Asia and Latin America.