Report: Vivendi Receives Offer for Videogames Unit

Authored by Mark Hefflinger on October 14, 2003 - 4:31am.

Paris -- According to French financial newspaper Les Echos, Vivendi Universal has received an all-cash offer of as much as 800 million euro ($932 million) for its video games unit, Vivendi Universal Games. Although the paper did not name the bidder, it reported that a "company in the games sector allied with a financial investor" had made the offer. Vivendi has been trying to sell the unit for months, but so far has rejected all offers for being below its reported asking price of $2 billion. Only last month, CEO Jean-Rene Fourtou said that the games unit was no longer even for sale. Vivendi has declined to comment on the report.
http://www.lesechos.fr
http://www.vugames.com