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70 euros ($17 It said that both Bronfman and his father had agreed to stop sitting on Vivendi board or committee meetings and to suspend a number of provisions in their joint agreements , which owns NBC, and Viacom Inc To avoid a possible conflict of interest, Fourtou called a meeting of Vivendi's corporate governance committee last Monday to discuss the potential bid, the company said Fourtou confirmed to shareholders last month that he is in talks to sell, either fully or in part, Vivendi Universal Entertainment, which includes the studios and theme parks , General Electric Co of Canada's Seagram empire has expressed an interest in buying back part of Vivendi Universal's U Bronfman, became members of Vivendi's board when the company acquired Canada's Seagram in 2000 The younger Bronfman engineered the diversification of the Seagram liquor empire into the entertainment business in the mid-1990s when he bought Universal Studios parent MCA Inc Bronfman and his father, Edgar M A French analyst who follows Vivendi put the assets' total value at between $15 billion and $20 billion Bronfman Eyes Vivendi's Assets in U ) doesn't possess any recent and substantial information" on the potential sale, it added But it remains unclear whether Fourtou wants to sell all the assets together, or hope for a better price by selling them in pieces 20) on the Paris stock exchange S After the sale of Seagram, the Bronfman family became Vivendi's largest shareholder billionaire Marvin Davis, who once owned Fox Studios May 21, 2:59 PM EST Edgar Bronfman Jr The sale of the assets has attracted keen interest in the United States 23 percent stake in Vivendi Since he took over 10 months ago, Fourtou has pursued a fire sale of assets to trim the company's massive debts, racked up during a spending spree by flamboyant former chairman Jean-Marie Messier The news that Bronfman â€â€? currently vice chairman of Vivendi's board â€â€? has joined the crowd eyeing the businesses sent the company's share price up 5 Bronfman faces competition from U S As of March 31, the family had a 4 Davis has offered to buy all the entertainment assets for about $15 billion in cash and the assumption of about $5 billion in debt Vivendi's U Bronfman told Vivendi chairman Jean-Rene Fourtou he wants to lead a consortium of potential buyers for the assets, many of which were among those Bronfman sold to Vivendi in 2000, the company said in a statement S Partners in his bid will likely include New York-based cable operator Cablevision Systems, published reports said The analyst, who spoke on condition of anonymity, said the exact price will partially depend on the company's debt position companies that have shown an interest include Liberty Media Corp did not attend a Vivendi committee meeting Monday during which the disposal of the U , the owner of CBS and MTV At a shareholders' meeting last month, Fourtou indicated he intends to hang on to Vivendi Universal Music until the music industry recovers from its current gloom Bronfman Jr Other U S S But the Bronfman family sold Seagram to Vivendi, leaving the one-time French water company heavily in debt He said Bronfman appears to be a serious contender A spokesman for Bronfman said Bronfman was unavailable for comment on Wednesday on his plans 8 percent to close at 14 entertainment assets include the world's largest music company, Vivendi Universal Music, as well as the Universal film studio and theme parks and the USA and Sci-Fi cable networks Fourtou has indicated he plans to refocus Vivendi on telecommunications and has been looking to sell assets to reduce the company's heavy debt assets was discussed, the company said assets, the French media giant said Wednesday S "It was verified that (Bronfman Jr The movie starred Patrick Swayze, Charlie Sheen and Lea Thompson and was directed by John Milius In Hollywood's "Red Dawn," the teenagers formed a guerrilla army called the Wolverines, after their high school mascot The military's Red Dawn operation Saturday was aimed at two Iraqi farmhouses dubbed Wolverine 1 and Wolverine 2 "Halliwell's Film Guide" describes the film as "violent teenage nonsense," calling it a "ludicrous and somewhat dangerous Cold War throwback with little entertainment value to commend it The teenagers in the movie band together to defend their town in Colorado, and their country, from Soviet forces " A Central Command spokesman could not confirm whether the name of the military's operation came from the movie Operation Red Dawn Shares Name With Movie Dec 15, 9:49 PM EST "Red Dawn" â€â€? the operation to grab Saddam Hussein â€â€? shares its name with a 1984 movie about American teenagers fighting a Soviet invasion Saddam was caught at a third farmstead nearby |
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