RUMOR MILL
Back to Rumor Mill >
Vivendi is said to have thought Bronfman’s asking price for his film and music assets was inflated, and to have had concerns about managing two U.S.-based businesses.
Monday, May 1, 2000

VIVENDI TAKES A WALK FROM SEAGRAM TALKS

French Media Company Kicks Tires, But Decides To Pass
Maybe Seagram boss edgar bronfman',390,400);">edgar bronfman',390,400);">Edgar Bronfman Jr. should put his company up on eBay.

The chief exec has seemingly run out of buyers after French media conglom Vivendi, which controls pay-TV group Canal Plus, walked away from acquiring the Canadian company's media interests, including Universal Studios and Universal Music.

Vivendi was one of several companies interested in Seagram, along with News Corp. and Bertelsmann. Bronfman reportedly had discussions with both rupert murdoch',390,400);">rupert murdoch',390,400);">Rupert Murdoch and Thomas Middlehoff about a sale, thoughthe talks were said to have reached an impasse. USA Today reported that Bronfman's asking price was $60 billion; Seagram is currently valued at $22 billion.

Vivendi is said to have thought Bronfman's asking price for his film and music assets was inflated, and to have had concerns about managing two U.S.-based businesses. Bronfman also expressed his intention to maintain a leading role in the music business, and this has proved a stumbling block in his negotiations with other interested parties.

In other news, Vivendi officials decided to take off early for a weekend Jerry Lewis film festival in Nice.

 
BACK TO RUMOR MILL
 
SPRING BREAKOUTS: THESE HEATERS ARE STILL HOT
Who's Boomin who. (4/25a)
Check It Out Now
SONG REVENUE: “SWEET” SMELLS OF SUCCESS
Life after "Church" (4/25a)
Check It Out Now
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/25a)
Check It Out Now
THE ODDS ON TUCKER WETMORE
Who's gonna get him? (4/25a)
Check It Out Now
GONE COUNTRY: HOUSE LIPMAN INVESTS IN WESTERN WEAR
The full Monte (4/25a)
Check It Out Now
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)

By clicking submit you are agreeing
to Terms and Conditions