Six bids expected for Universal Entertainment by Monday

Posted Wednesday, June 18, 2003 4:50 AM | Contributed by Jeff

French media giant Vivendi Universal said it expects six bidders to compete for the company's U.S. entertainment assets by a Monday deadline for offers, setting the stage for one of the industry's most anticipated auctions. Bidders reportedly include Liberty Media Corp., Viacom Inc., General Electric's NBC, Metro-Goldwyn-Mayer Inc. and two investment groups — one headed by Vivendi Vice Chairman Edgar Bronfman Jr., the other by oil tycoon Marvin Davis.

Read more from The LA Times.

Wednesday, June 18, 2003 11:48 AM
And if each bidder used a flag to bid ... ;)

------------------
"It's not a Too-mah!" - Arnold after riding Batman the Ride

+0
Wednesday, June 18, 2003 12:24 PM
Wouldn't it be interesting if Viacom scored this one. Paramount and Universal together, along with their theme parks. It would certainly add a lot of expertise to their roster.

------------------
Jeff - Webmaster/Admin - CoasterBuzz.com - Sillynonsense.com
"Pray that your country undergoes recovery!" - KMFDM

+0
Wednesday, June 18, 2003 1:57 PM
I wouldn't mind seeing Viacom win the bid, but they aren't front runners because they don't want all of universal's assets. If Viacom won it could create an anti-trust issue as well. Although, in these days of deregulation who knows. Still, I haven't heard any of these groups discuss any plans they have for the theme parks- so its really hard to tell how the parks would be affected.
+0
Wednesday, June 18, 2003 4:07 PM
My money's on Eddie's bid. Word on the "street" around here is that he really wants to regain control of those assests. We'll see if he can get the bucks to back it up ...

------------------
Age and treachery will always overcome youth and skill.

+0
Tuesday, June 24, 2003 7:30 AM
mutly23, anti-trust WOULD have been an issue 20-some years ago, but since Ron Reagan first landed in DC, laissez-faire has been the ruloe rather than the exception. Besides, what with SF, CF, Busch, Herco, KennyCorp, etc. in the business, Viacom/Vivendi would create more of a media conglomerate than one in the theme-park industry.

If I were Marvin Davis, I'd have left Vivendi to the winds of fate after their last rejection of his offer...

Just my *impression* mind you, but other than the USF expansion, I have seen Vivendi do very little that strikes me as good business...

bill, hoping that it all works out somehow...I sure wouldn't mind IoA/USF coming under the Paramount "flag"...

+0

You must be logged in to post

POP Forums - ©2018, POP World Media, LLC
Loading...