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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 , the owner of CBS and MTV 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 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 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 The analyst, who spoke on condition of anonymity, said the exact price will partially depend on the company's debt position Bronfman faces competition from U Bronfman Eyes Vivendi's Assets in U But the Bronfman family sold Seagram to Vivendi, leaving the one-time French water company heavily in debt 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 "It was verified that (Bronfman Jr billionaire Marvin Davis, who once owned Fox Studios Davis has offered to buy all the entertainment assets for about $15 billion in cash and the assumption of about $5 billion in debt Bronfman and his father, Edgar M He said Bronfman appears to be a serious contender After the sale of Seagram, the Bronfman family became Vivendi's largest shareholder S 23 percent stake in Vivendi The sale of the assets has attracted keen interest in the United States 70 euros ($17 But it remains unclear whether Fourtou wants to sell all the assets together, or hope for a better price by selling them in pieces May 21, 2:59 PM EST Edgar Bronfman Jr companies that have shown an interest include Liberty Media Corp 20) on the Paris stock exchange 8 percent to close at 14 S of Canada's Seagram empire has expressed an interest in buying back part of Vivendi Universal's U Bronfman Jr S Partners in his bid will likely include New York-based cable operator Cablevision Systems, published reports said Vivendi's U S S A spokesman for Bronfman said Bronfman was unavailable for comment on Wednesday on his plans , General Electric Co ) doesn't possess any recent and substantial information" on the potential sale, it added Fourtou has indicated he plans to refocus Vivendi on telecommunications and has been looking to sell assets to reduce the company's heavy debt As of March 31, the family had a 4 Other U , which owns NBC, and Viacom Inc 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 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 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 did not attend a Vivendi committee meeting Monday during which the disposal of the U assets was discussed, the company said assets, the French media giant said Wednesday S Bronfman, became members of Vivendi's board when the company acquired Canada's Seagram in 2000 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 A French analyst who follows Vivendi put the assets' total value at between $15 billion and $20 billion "Out of respect to Jay, we looked at it like, all right, he served his purpose, he served his purpose and his job was done But the police that are working on Jay's death are doing an excellent job," DMC said in an interview with MTV News, airing Tuesday DMC also said that he and Joseph "Run" Simmons have retired from performing since Jay's death DMC, whose real name is Darryl McDaniels, was optimistic that the killer would be caught " Police Commissioner Raymond Kelly said Tuesday he had nothing new to report on the case No arrests have been made in the shooting death of the group's disc jockey, whose real name was Jason Mizell Rapper DMC Lauds Jam Master Jay Probe Jan 21, 2:21 PM EST Police investigating the killing of Jam Master Jay are doing "an excellent job," said DMC of the rap group Run-DMC "You got hope that if the cops don't catch them, the streets will "You know a lot of people think that cops are the enemy and they really don't care Eventually we will know who did it and boom bang "When you see Run-DMC and Jam Master Jay it was something that was original, it was something unique, it was something special," he said 30 in his Queens recording studio Whoever did it, 'cause the streets talk " The 37-year-old was shot execution-style on Oct |
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