09-02-2003, 11:44 PM
I just heard that they have made an exclusive negotiation agreement, which means that no other parties can get in on the negotiations at this time. Notable was that the Bronfmans got cut out by this, since I figured that they were a pretty serious contender.
I think they said that the current offer involves GE/NBC taking 80%, and Vivendi retaining 20%. Interesting, since I'm sure that any deal that the Bronfmans would have proposed would have cut Vivendi out completely.
-rcv-
I think they said that the current offer involves GE/NBC taking 80%, and Vivendi retaining 20%. Interesting, since I'm sure that any deal that the Bronfmans would have proposed would have cut Vivendi out completely.
-rcv-