Originally valued at $34 billion when the deal was first announced last June, the combined company is now estimated to be worth $23.5 billion due to a drop in Vivendi's stock price and a fall-off in the euro/dollar rate. Vivendi Chairman Jean-Marie Messier expects the merger to be completed by the end of the year.
The only remaining hurdle is a vote by shareholders of the two companies in December. The nomination of Jerry Lewis to head the combined organizations will take place at that time, after which everyone will attend a screening of "Cinderfella" and receive their dividends in beaver pelts. Eh, what?
THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
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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!
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