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Vivendi Uni-USA reunion puts Diller atop studio
Four years after the divorce, Vivendi Universal and USA Networks are poised to tie the knot again in a $12.4 billion deal, expected to be announced today in New York. The deal will put the TV assets acquired by USA in 1997 back under Universal’s control and install USA chairman and CEO Barry Diller as the head of the studio’s film, TV and theme park operations. Sources said the complex transaction was structured as the creation of a joint venture between Vivendi Uni and USA encompassing Universal’s film studio and theme parks and USA’s cable channels, including USA Network and… Read more »