Amdur, Meredith
April 2004
Daily Variety;4/22/2004, Vol. 283 Issue 13, p6
Trade Publication
Reports on the settlement by Vivendi Universal of an outstanding dispute with Barry Diller's InterActiveCorp (IAC). Acceptance by Diller of a 20 year deal worth 750 million dollar letter of credit to cancel out any veto rights relating the company's Class A preferred shares in Vivendi Universal Entertainment; Impact of the deal on Vivendi's ability to sell or transfer any assets and clear negotiations for a merger with the National Broadcasting (NBC) Co.; Absence of strategies to remove IAC from the NBC-Universal shareholding structure.


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