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Vivendi Vice Chairman Submits Offer Involving $13 Billion for Universal Assets.
Knight Ridder/Tribune Business News, August, 2003
By Richard Verrier, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News
Aug. 22--LOS ANGELES -- Vivendi Universal Vice Chairman Edgar Bronfman Jr. is once again ruffling the Peacock's feathers.
Five years ago, the former chief executive of Seagram Co. foiled General Electric Co.-owned NBC's talks to merge with USA Networks, then partly owned by Seagram, former parent of Universal Studios.
Now, he's attempting to do the same -- although the odds are stacked against him.
A consortium headed by Bronfman submitted a cash-rich offer earlier this week involving more than $13 billion for the Universal assets, putting it within range of Vivendi's minimum $14 billion asking price, sources familiar with the proposal said....
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