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Old May 20th, 2003, 06:09 AM   #13
peter noble
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Vivendi Universal is bringing Goldman Sachs on board to help advise the French-American media group on bids for its U.S. entertainment assets, a source familiar with the situation said Monday. The source said Vivendi's current adviser, Citigroup Inc., would continue to lead the sale but Goldman Sachs was being brought in to help field offers for assets that include Universal Studios and cable television's USA Network. Vivendi declined to comment. Goldman, which has advised Vivendi on transactions in the past, also declined to comment. Vivendi chief executive Jean Rene Fourtou announced plans last month to sell the group's U.S. business, Vivendi Universal Entertainment, and the computer games division as part of a move to focus on telecoms and cut huge debts which brought the company close to collapse last year. (Reuters)
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