Vivendi Putting Off NBCU Decision

Nov 20, 2008  •  Post A Comment

Vivendi says it will decide whether to sell or keep its 20% stake in NBC Universal in two to three weeks, Reuters reports. Every November until 2016, Europe’s largest entertainment group has an option to sell its stake to majority owner General Electric or by an initial public offering. “I have already said that we don’t consider ourselves to be long-term investors of NBC Universal,” said Vivendi CEO Jean-Bernard Levy.
—Christopher Perez

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