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.