VU studies bids for showbiz ops

Szalai, Georg; Sperling, Nicole
June 2003
Hollywood Reporter -- International Edition;6/24/2003, Vol. 379 Issue 12, p1
With a handful of offers for Vivendi Universal SA's U.S. entertainment assets submitted by the noon deadline, the media conglomerate's banking and legal teams Monday began a weeklong initial evaluation of the bids. Of the six main contenders left before the deadline, Viacom Inc. declined to make an offer. Sources said the company did not even participate in recent management presentations where Vivendi Universal executives shared financial and operational details with potential bidders. The conglomerate would be ready to make a bid for Sci Fi Channel down the road should Vivendi Universal not sell the asset to another contender.


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