TITLE

DISTANCING DILLER

AUTHOR(S)
Amdur, Meredith
PUB. DATE
April 2004
SOURCE
Daily Variety;4/22/2004, Vol. 283 Issue 13, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
12966507

 

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