Under the GE proposal, the companies’ assets would be merged and GE would control the company, but Vivendi would own a minority stake of 20-25%. Vivendi could also raise cash right away, against a future commitment by GE to purchase Vivendi’s minority interest.
The Wall Street Journal, which understands these things, says that the valuation of the combined company is difficult to pinpoint, because there’s no cash or stock transaction, and it’s a large merger of media assets, including Telemundo, NBC, CNBC, MSNBC, and Bravo, Universal Studios, and the USA and Sci-Fi cable channels.
If the deal meets Vivendi’s requirements, management is expected to recommend that Vivendi enter exclusive negotiations with GE. That doesn’t mean a pact is guaranteed, but it means they have a better chance than you do.
THE COUNT: COLDPLAY IS HOT, COUNTRY'S COOKIN' IN THE U.K.
The latest tidbits from the bustling live sector (3/29a)
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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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