NBC wins Vivendi Universal Entertainment deal

Posted Wednesday, September 3, 2003 4:46 AM | Contributed by supermandl34

The NBC television network won Vivendi Universal's auction on Tuesday with a merger plan to create a new entertainment industry giant valued at more than $40 billion. In the deal, a new company will be formed, with GE (NBC's parent company) owning 80% and Vivendi owning 20%.

Read more from Reuters via Yahoo.

Wednesday, September 3, 2003 4:47 AM
Jeff's avatar Wow, through all of the stupidity, I have to hand it to the Vivendi board. This is a pretty sweet deal. Very forward looking, since the long-term revenue prospect is very good.

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Jeff - Webmaster/Admin - CoasterBuzz.com - Sillynonsense.com
DELETED! What time does the water show start?

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