PARIS: France’s Vivendi Universal, on the mend after more than a year of turmoil, has forecast a return to profit after its losses narrowed in the first half, and said its near-term future remained in media and telecoms.
Vivendi, home to Universal Studios and Universal Music, also said that it was on track to ink a merger of its US entertainment business with General Electric’s NBC in a few weeks and close the deal in the second quarter 2004.
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