Oilman Davis gears for another run at VUE. (Finance).(Vivendi Universal S.A. considers asset sale to Marvin Davis)
Multichannel News, February, 2003 by Farrell, Mike
Vivendi Universal S.A. has reopened talks concerning the sale of its U.S. programming assets to oil billionaire Marvin Davis, according to published reports last week. No imminent deal is expected, though.
Vivendi and Davis met Feb. 2 to discuss his $20 billion offer for Vivendi Universal Entertainment. Davis had originally made the offer in November--$15 billion in cash and the assumption of $5 billion in debt.
Vivendi officials declined comment.
Although Vivendi rejected the November offer as too low, reports in the Los Angeles Times last week said Davis indicated he may sweeten his bid.
In addition, the newspaper reported that Davis may also be formulating a plan for Vivendi to sell him the assets--which include cable...
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