The takeover is worth an estimated $30 billion, which would make it one of the largest transatlantic acquisitions.
This is not the first time a Vivendi/Seagram deal has been mooted: previous talks between the two groups foundered over issues of price and management. A sale would end Seagram’s lengthy hunt for a suitor. The company has held discussions with a number of new media groups including Rupert Murdoch’s News Corp.
News source: Financial Times