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Article: Biz Briefs; Vivendi Bids Due June 23.(entertainment industry news briefs)
- Article from:
- TelevisionWeek
- Article date:
- June 23, 2003
CopyrightCOPYRIGHT 2003 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Vivendi Universal moves one step closer June 23 to selling its U.S. entertainment assets, accepting bids from the six parties interested in either some or all of the French conglomerate's properties.
A source close to the company said that Paris-based Vivendi Universal will likely take two to three weeks to review the bids, thanks in part to evaluations from the company's two lead investment banks, Citigroup and Goldman Sachs, Vivendi Universal management and the board's monthly meeting is slated for the end of June. The source said early July would likely be when an announcement is made.
The bids arrive as Vivendi Universal reveals a little more about ...