Vivendi seeks another round of bids for entertainment unit, NBC analyst favorite

Posted Monday, August 11, 2003 5:33 AM | Contributed by Jeff

Though they've lost several important bidders, Vivendi still thinks it can reach the $14 billion mark. The company is expecting another round of bids due August 18. NBC is an analyst favorite, where Vivendi would not get the full cash amount, but have a minority interest in the company that they could cash-out later.

Read more from Reuters.

Monday, August 11, 2003 5:58 AM
Let's see...they lose the two bidders with large bankrolls because neither of them thought the unit was worth $14B (in fact they wouldn't even let them see the detailed "books" on it). Yet somehow they think that the money-tree fairy will pop out of nowhere and STILL hand them $14B.

Must be nice to live in their fantasy world

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--George H
*** This post was edited by redman822 8/11/2003 9:58:22 AM ***

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Monday, August 11, 2003 10:07 AM
Jeff's avatar Yeah, this sure doesn't help the general American perception that the French are arrogant.

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

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Monday, August 11, 2003 10:19 AM
Word. . . .It makes me want to go get a box of freedom fries.


As Mitch always said, "A severed foot is the ultimate stocking stuffer."
-Tomas

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Monday, August 11, 2003 11:02 AM
Jeff's avatar Then you'd just be helping the global perception that Americans are arrogant...

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

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Monday, August 11, 2003 12:15 PM
We're French, why do you think we have this outrageous accent?

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If given the choice I'd choose a hamburger over a hotdog anyday of the week.

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Monday, August 11, 2003 7:41 PM
Isn't it about time they just put this on E-Bay?

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NICK

Drop it like it's hot and be my bloody wonderwall, baby

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Tuesday, August 12, 2003 4:16 PM
If you consider the way television works, owning Vivendi could be great deal for NBC. When networks broadcast a show, they are purchased from the company that produces/owns them. If NBC owned Universal, any fees paid by NBC to Universal would become "paper trail" rather than actual monetary exchanges. Some of NBC biggest shows are the Law & Order series, all produced by Universal. I am sure that there are many more details and stipulations than I mentioned, but overall, owning an active production company can't hurt.

$14 Billion, in mostly non-cash may not be such a bad thing.

Remember, Viacom owns CBS, MTV, VH1, and Paramount. It's not unheard of. Time Warner ran/owned parts of Six Flags for while as well.

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". . . don't you know baby that life is a scream!" - Gordon Gano*** This post was edited by CoasterDad64 8/12/2003 8:17:55 PM ***

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