Vivendi rejects MGM bid for entertainment business
Posted
Vivendi Universal has rejected a proposed $11.5 billion bid for its entertainment business from Hollywood studio MGM that was conditional on getting a closer look at its books, sources close to the auction said on Wednesday.
Read more from Reuters via MSNBC.
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Hmmmm....if they are selling it, why be so secretive? Unless the info was closely tied in with the rest of the business...but didn't they treat the arm as a separate entity?
I could see a company like MGM bidding not to win, but to get a look at the books. Then again, they offered extra money. Some piece of information is missing here.
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"SOME people have NO class!" - Mom from the Whizzer queue
Hmm....11.5 billion dollars not enough. Exactly, how much are they looking for?
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Deja Vu is down again. For some reason I feel like I already experienced this......
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