Viacom Rejoins Vivendi Auction - Multichannel

Viacom Rejoins Vivendi Auction

Author:
Publish date:

Viacom Inc. had reportedly bailed out of the first round of bids in Vivendi
Universal's auction for its Vivendi Universal Entertainment unit.

However, the company has told Vivendi executives it wants in on the second
round of the auction.

Viacom plans to bid on VUE's cable assets, which include USA Network, Sci Fi
Channel and Trio, Reuters reported.

Metro-Goldwyn-Mayer Inc., General Electric Co.'s NBC unit, Liberty Media
Corp. and investment groups led by Edgar Bronfman Jr. and Marvin Davis are also
eyeing VUE.

Related