Media Industry
Industry: Email Alert RSS FeedComcast Hems and Haws on Vivendi.(Breaking ...)(Comcast will not bid on Vivendi Universal Entertainment, but Liberty Media might)(Brief Article)
Broadcasting & Cable, August, 2003
NEW YORK -- When bids for Vivendi Universal Entertainment come in this week, they won't include Comcast but may well include Liberty Media. Comcast declared that it won't bid on Vivendi Universal Entertianment, then abruptly--and confusingly--backtracked by then announcing discussion to combine its cable networks with VUE's. Liberty Media President Dobb Bennett then told analysts that Liberty will "continue to be involved" in the VUE process, though wouldn't actually acknowledge that he's putting in a bid. Comcast started nosing around the U.S. entertainment assets of Vivendi three weeks ago, armed with a $3 billion or so in expected after-tax proceeds from the sale of its half of QVC to Liberty Media.
General Electric is seen as the front runner, proposing...
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