isn't it nice when the new york post gets the scoop over the business press and clears up rumors and stories like what is happening over at vivendi? where was the WSJ on this one? oops. the commentary below is from the new york times.
Vivendi Universal is negotiating to buy the television business of Barry Diller's USA Networks for as much as $18 billion, The New York Post reported. The price is a steep markup from the $4.1 billion that Mr. Diller paid four years ago when he acquired USA from Edgar Bronfman Jr.'s Seagram before it was merged with Vivendi. The deal was one of the main reasons Mr. Bronfman announced his resignation as Vivendi's executive vice president last Thursday, The Post reported.
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When Mr. Bronfman, 46, resigned last Thursday, Vivendi said that Mr. Bronfman had agreed to stay at Vivendi for at least a year to manage its music business, but that "the time has come for him to return to the management of his personal and family interests."
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Tuesday, December 11, 2001
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