Business Services Industry
That's entertainment.
Australasian Business Intelligence, July, 2003
Jul 22, 2003 (The Economist - ABIX via COMTEX)
Vivendi is auctioning its US entertainment operations. A buyer will be selected in September 2003. The French conglomerate is cleverly giving the impression there is intense rivalry for the assets, which comprise a film studio, cable-TV stations and a theme park. The following five groups are known to be bidding: NBC; ex-Seagram head Edgar Bronfman; MGM; Viacom; and Liberty Media. Private equity groups firms such as Texas Pacific Group and Carlyle Group are playing a part in the auction. MGM and Liberty Media have been thought most likely to win the bid.
Publication Date: 19 July 2003
VIVENDI SA:
NBC:
METRO-GOLDWYN-MAYER INCORPORATED:
SEAGRAM CORPORATION:
LIBERTY MEDIA...
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