RUMOR MILL
Monday, June 19, 2000
VIVENDI-SEAGRAM:
CHAMPAGNE CHILLING?
French Board Approves Merger As Rich Guys Prepare To Get Much Richer
France's Vivendi looked poised to secure a $33 billion three-way tie-up with Canadian liquor and entertainment group Seagram after its board backed a merger plan on Monday and scheduled announcements for Tuesday morning.
Analysts said that the French media, telecoms and utilities group had called them to a Tuesday meeting to detail the expected takeover of Seagram by Vivendi and its 49-percent-owned pay TV unit Canal Plus.
Vivendi boss Jean-Marie Messier said on the sidelines of a separate Internet-related event on Monday that the Vivendi and Canal Plus boards had unanimously approved plans for a merger. He declined further comment ahead of the outcome of a Seagram board meeting.
The three firms are expected to hold a joint news conference in Paris on Tuesday.
THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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JAMES KING: THE HITS INTERVIEW (PART ONE)rumor mail
