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Old September 2nd, 2003, 07:21 PM   #1
Micheleh
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Default Is it almost over?

Make of this what you will:

In the airport on the way back from Atlanta I was watching CNN. A ticker running at the bottom flashed the words "Vivendi agrees to finalise negotiations with MGM".

Anyone else see anything on this?
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Old September 2nd, 2003, 07:36 PM   #2
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Michele,

It was NBC -- MGM pulled out of the running a while back.

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Old September 2nd, 2003, 07:36 PM   #3
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i found this at cnn.com



Vivendi picks NBC merger bid

French media firm says it chose offer from GE unit for its U.S. entertainment assets.
September 2, 2003: 3:10 PM EDT



NEW YORK (CNN/Money) - General Electric's NBC unit won the bidding for Vivendi Universal's U.S. entertainment assets Tuesday with a multibillion-dollar merger offer that would create one of the world's largest media companies.


to read the whole article go to
http://money.cnn.com/2003/09/02/news...dder/index.htm

that is the url to the page.
it looks like it is over, now we get to see when the deal is final and what they do with the assets.

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Old September 2nd, 2003, 07:48 PM   #4
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Sorry- like I said, I was on the run in a terminal on no sleep. Thanks for clarifying, BST.

So what does it mean, I wonder?
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Old September 2nd, 2003, 08:20 PM   #5
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Simply that Vivendi will now negotiate the sale of VUE with NBC, exclusively. This will be to iron out the details -- "dot the i's, cross the t's". If these negotiations don't work out, it could be back to square one.

VUE is now NBC's to lose.

Hope that helps.


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Old September 2nd, 2003, 08:35 PM   #6
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Wish they would have bought it sooner. NBC doesn't strike me as being stupid enough to let this mini be made in the first place.

Just my opinion. he he he

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