Vivendi targeting August deadline for asset sale


LOS ANGELES: Media company Vivendi Universal is eyeing a mid-August deadline, perhaps Aug 15, for final bids from the groups vying to acquire its US entertainment assets, according to a source knowledgeable about the bidding. 

The source said that upon receiving the final bids, Vivendi would pick only one buyer with whom to negotiate a sale of its Universal Pictures film studio, USA and Sci Fi cable TV channels and theme parks. 

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