'All or nothing', Vivendi tells bidders ahead of Monday deadline

MUMBAI: Bid for all or nothing! that's the message from media conglomerate Vivendi Universal.


The deadline for receiving bids is just two days away and this assertion by the heavily indebted media powerhouse appears more hopeful stance than definite fact at the moment. One banker quoted by Reuters says Vivendi would inevitably receive bids for individual units.

Vivendi Universal CFO Jacques Espinasse has been quoted as saying that the company was facing a combination of up to 36 possible offers but only a few were "interested in the whole thing". 

Whoever is willing to bid for Vivendi lock, stock and barrel though, could get it for anywhere between $ 12 to 18 billion, depending on how many make a bid for the whole package (at this point in time whether there is even one is debatable though). The package on offer includes Hollywood's Universal Studios, cable television channels USA and Sci Fi, and the Universal theme parks. The video games division, Vivendi Universal Games, remains somewhat in flux. While not part of the VUE sale, now, it could be included if a buyer pays the right price. 

The assets are reportedly being eyed by six bidders, which include US media major Viacom, Hollywood studio MGM, NBC's parent company General Electric, former Universal Group owners the Bronfman family, billionaire oil magnate Marvin Davis's consortium Universal Partners and John Malone's Liberty Media. The latter three are also reported to be interested in Vivendi's music business.

With the music industry in a tailspin, Vivendi has not insisted that music be part of the sale but it would be reasonable to assume that that interest in music will work to their advantage in bidding. 

Vivendi Universal's net debt at the end of May was estimated at around  14 billion ($16.5 billion), compared with  15.3 billion ($18.09 billion) at the end of March.

Latest Reads
Star World to air 1-5 of 'Homeland'

Star World and Star World HD is all geared up to air the pulse-pounding action series 'Homeland.' The show tackles geopolitical moral conundrums of our current world. It has recently unveiled the teaser for the upcoming season 6 shows how Carrie Mathison will circumvent around another international...

Television TV Channels English Entertainment
Share all World Cup, T-20 feeds with Prasar Bharati, rights holder told

The telecast of all official one-day and Twenty-20 matches played by the Indian Men’s Cricket Team will henceforth have to be shared by the rights holder with the public broadcaster Prasar Bharati under the Sports Broadcasting Signals (Mandatory Sharing with Prasar Bharati) Act 2007.

Television TV Channels Terrestrial
Saregama returns to film music acquisition with Pen pact

Saregama India has inked a two-movie deal with Pen Movies. With this agreement, Saregama has acquired the music rights of upcoming Bollywood releases of Pen which includes Kahaani 2 -- Durga Rani Singh, featuring Vidya Balan and Arjun Rampal.Kahaani 2 is slated for a release on 2 December.

Television TV Channels Music and Youth
Q2-17: Zeel numbers, PAT up on higher Ad and Subscription revenue

The Subhash Chandra led content and broadcast player Zee Entertainment Enterprises Limited (Zeel) reported a 23 per cent hike in consolidated revenue for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the corresponding quarter of the previous year.

Television TV Channels GECs
Best Deal TV appoints Hari Trivedi as COO

MUMBAI: Best Deal TV has appointed Hari Trivedi as the chief operating officer with immediate effect. Based in Mumbai, Trivedi will be responsible for overall sales and marketing. He would also be initializing lowest price offers and deals on Best Deal TV.

Television TV Channels People
Disney announces successor of MD Siddharth Roy-Kapur

MUMBAI: Walt Disney International has announced the successor to its former managing director Siddharth Roy-Kapur. As a second stint with the organization, Mahesh Samat has made a comeback and will lead The Walt Disney Company India as the managing director. He will pursue his new responsibility...

Television TV Channels People
Life is more imaginative than fiction in a story like POW, says writer-director Gideon Raff

MUMBAI: Sometimes, coming back home after 17 years is not always a happy ending. "Prisoners of War" is the story of three Israeli soldiers, who were held captive for that many years following their kidnapping while on a secret mission with their unit.

Television TV Shows Thriller
IPL media rights bidding postponed sine die

MUMBAI: The BCCI has made it clear that the media rights auction cannot take place till the time it gets a concrete go-ahead and a formal approval from the Justice RM Lodha committee. Till the evening of 24 October (Monday), BCCI did not receive the okay from the committee which said, "it is in...

Television TV Channels Sports
Q3-16: DIRECTV mitigates AT&T U-Verse TV subscriber numbers fall

BENGALURU: AT&T acquired DIRECTV added 323,000 net subscribers and hence helped mitigate the company’s Entertainment and Internet Services Group (Entertainment) segment’s loss of 326,000 U-Verse subscribers for the quarter ended 30 September 2016 (Q3-16, current quarter). About 70 percent of...

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories