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7 billion of Vivendi's debt, slightly above the $1 The new company will have an estimated value of $43 billion, Vivendi said in a statement S NBC will take on $1 In a statement, Fourtou said the merger would allow Vivendi to reduce debt to $5 billion by the end of 2004 As announced in early September when the companies said they would enter exclusive negotiations, NBC will own 80 percent of the new entity, with the remaining 20 percent controlled by Vivendi Although sources close to the company had hinted in recent days that the cash component of the deal had been sweetened by General Electric, the figures were the same as those announced in September 8 billion at the closing of the deal, expected during the first half of 2004 6 billion initially announced in September Sign Definite Agreement Oct 8, 4:29 AM EST Vivendi Universal and General Electric said Wednesday they signed the definitive agreement to merge the French company's U Vivendi, which started out as a French water and utilities conglomerate, expanded into the media business under former chairman Jean-Marie Messier entertainment assets with GE's NBC to form a new company, NBC Universal But Messier's acquisition program nearly bankrupted the company, and Fourtou is reversing several of the forays Messier made, including his entree into Hollywood Vivendi, an 86 percent shareholder of the entertainment group, will then get $3 Vivendi, G NBC Universal will join Hollywood studio Universal Pictures, TV production unit Universal Television, Universal theme parks, Spanish-language television network Telemundo and NBC's network and production unit in a new entertainment giant with annual revenue of $13 billion Vivendi Universal Entertainment shareholders will receive $3 3 billion â€â€? which will enhance chairman Jean-Rene Fourtou's debt-reduction program E " He also has two Emmys, three Golden Globes and 18 Grammys Williams Receives Olympic Order Award May 1, 11:35 PM EST John Williams can add a new award to his collection of Oscar, Grammy, Emmy and Golden Globe trophies â€â€? that of Olympic Order Therefore this recognition makes me particularly proud "I always think that the Olympic Games themselves are the perfect metaphor for the international cooperation and competition we wish for in all our activities The Extra Terrestrial," "Jaws" and "Fiddler on the Roof He has composed about 80 films scores and won Oscars for his work on "Star Wars," "Schindler's List," "E " Williams, perhaps best known for composing the "Star Wars" film score, also wrote the official themes for the 1984, '88, '96 and 2002 Olympic Games T Williams, 71, is composing a work for the Los Angeles Philharmonic and will conduct it in October when the downtown Walt Disney Hall opens, his spokesman, Jamie Richardson, said Wednesday The prolific composer, who wrote the theme song for four Olympic Games, received the International Olympic Committee's highest honor during a ceremony Thursday night in Los Angeles "I'm thrilled about it," he said after the ceremony |
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