Vivendi hopes to unload Universal Entertainment this summer

Posted Wednesday, May 21, 2003 5:25 AM | Contributed by Jeff

Vivendi Universal is in talks with four or five groups on the sale of its U.S. entertainment business and a deal could be signed as early as this summer, sources close to the matter said on Tuesday. The enterprise value of the business -- stretching from Universal Studios to cable TV channels and theme parks -- is estimated around 15 billion euros, or just enough to wipe out the post-expansion debts of parent Vivendi Universal.

Read more from Reuters.

Wednesday, May 21, 2003 7:23 PM
It's kinda funny that they bought this whole thing a year ago, changed their name, and then want to sell it off.

I really hope they sell it all in one package. I'd hate to see the movie, park, and music divisions all go to seperate companies.

Wednesday, May 21, 2003 8:39 PM
Anyone up for the sale to Disney rumour? I don't think it would be a bad thing for the Resort. Except for ride up keep and maybe a long time between expansions and new parks and hotels that complteltly flop, other than those things I'm all for Disney moving in ;)

I really am a Disney fan, but the state the parks are in is disgusting but Jay Rasulo(sp?) is turning it around.



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