Liberty Prepares Bid for Vivendi’s US Assets

17 June 2003

Liberty Media is this week expected to unveil a bid for the US entertainment assets of Vivendi Universal.

Liberty – the investment vehicle of US cable entrepreneur John Malone – met with Vivendi chief operating officer Jean-Bernard Levy last week to discuss the terms and structure of the offer. It is now finalising its bid for the assets, which include Universal Pictures, theme parks and cable TV networks.

The closing date for offers is June 23. The assets are valued at up to $14 billion (€12bn; £8bn).

Data sourced from: Financial Times; additional content by WARC staff