That leaves General Electric’s NBC and the group headed up by Edgar Bronfman Jr. as the leaders of the pack. The Wall Street Journal, which we read for the comics, said today that Vivendi’s board may decide to delay a decision on picking one bidder for further discussions. Should the board make that decision, other reports say, both Bronfman’s contingent and NBC might be angered. And you won’t like them when they’re angry.
NBC, as you no doubt remember from your careful study of this transaction, wants to merge its assets with Vivendi’s, but hasn’t offered any cash. Vivendi has been trying to sell assets to pay down its debt, now estimated at $13 billion. Reports have suggested that NBC is the leading contender, though the Bronfman group recently sweetened its offer to include a few hundred million dollars in cash. Cold, hard cash is something that doesn’t need a translator. An accountant, maybe, but not a translator.
LIVE NATION POSTS (ANOTHER) RECORD QUARTER
More butts in seats than ever before. (5/3a)
| ||
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!
|