Lyta
Moderator
Got this from Lee Whiteside at SFTV News group and thought some people here might be interested in this bit of news:
Vivendi Universal Bidding
The deadline for prospective purchasers to make bids on Vivendi Universal's Entertainment assets was Monday and from trade reports it appears there are several suitors for their cable (USA Network & SciFi) and TV (Universal Television) assets.
From Reuters news via Yahoo: "As the dust settled, sources familiar with the auction and reports suggested that three contenders had made bids for VUE plus Vivendi's music company -- groups led by Edgar Bronfman Jr, oil billionaire Marvin Davis and Liberty Media.
Meanwhile, rival contender, General Electric's NBC, submitted a letter of interest, a source familiar with the matter said. Metro-Goldwyn-Mayer was also expected to have made a bid for VUE, but sources said Viacom had not."
It's speculated that Viacom may get involved with one of the other bidders since they are mainly interested in SciFi Channel and Not USA Network and Vivendi isn't letting suitors cherry pick.
Follow this link for more details: http://tinyurl.com/f4l1