And then there were five: Liberty, MGM, NBC, Viacom and Bronfman still in the running for VUE assets.(Vivendi Universal S.A. announces the five bidders left for its Vivendi Universal Entertainment assets)
Multichannel News, July, 2003 by Farrell, Mike
Vivendi Universal S.A. pared the field of bidders for its Vivendi Universal Entertainment assets to five last week, eliminating one bidder and asking the others to come back with better offers. According to sources, Vivendi rejected one bidder--oil billionaire Marvin Davis, who essentially put the assets in play back in November with a $20 billion offer (including the assumption of $5 billion in debt)--calling his latest bid too low.
According to published reports, Davis could come back into the fray with a better offer, but a source close to Vivendi said that was unlikely. PRIZE CABLE NETS "Anybody could come back into the ring at the right price," said the source close to Vivendi. "I wouldn't completely rule him [Davis] out, but Vivendi won't...
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