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Vivendi Universal to Invite Bids for U.S. Entertainment Assets

Authored by Mark Hefflinger on April 29, 2003 - 9:46am.
Paris -- As part of its 16-billion-euro ($17.6 billion) asset disposal program, beleaguered French media giant Vivendi Universal has announced that it will invite bids for its U.S. assets, including Universal Studios. The company has asked U.S.-based executives to prepare detailed financial information for bidders who may be interested in Vivendi's studios, theme parks or cable channels. Potential buyers are expected to receive the "information packs" within the next 10 business days. The company is currently straddled with more than 12 billion euro ($13.2 billion) in debt.
http://www.vivendiuniversal.com/vu2/en/_home/home.cfm
tags: Vivendi Universal | U.S | Entertainment Assets |

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