Vivendi Will Hold Onto NBC/Universal For The Time Being
Vivendi has decided to abandon its sale of its 20% stake in NBC Universal, the Hollywood Reporter said.
One source told the Reporter that it may not be the right time to sell, but Vivendi is very pleased with NBC/Uni’s oversight.
That certainly wasn’t always the case. But now Vivendi has gone out of its way to praise NBC/Uni chair Jeff Zucker.
The media and telecom conglomerate has an annual option window that ends Friday. During that period, it can trigger a sale by notifying GE, which controls 80% of NBC Uni.
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