Tuesday, December 11, 2001: Vivendi Universal responds to news reports regarding USA Networks
Concerning an article published this morning in the New York Post, Vivendi Universal
today made the following statement regarding the points raised in the article:
- We can confirm that there have been ongoing discussions between Vivendi
Universal and USA Networks, which may or may not lead to a business arrangement
or agreement.
- Figures printed
in the article are totally absurd - even the lowest part of range.
- In any case, those
discussions will not result in creation of any new Vivendi Universal shares
and all contemplated scenarios under review would result only in a limited
amount of cash exit for the company.
- Any transaction under review would result in accretion for Vivendi Universal
shareholders.
- Our first priority is to take advantage of the synergies of movie/TV production
and distribution.
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