P411 Tjletext 411 Jun14 14:57:04
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--- (,/ www.teletext.co.uk ------------
UNIVERSAL/CANAL PLUS $100BN MERGER?
French media corporation Vivendi (which
owns Canal Plus) and Seagram (parent
company of Universal) are in advanced
talks to merge into a $100 billion
media and entertainment giant.
■ There's an agreement in principli
with a pact likely to be made within
thj next few weeks.
■ The new company will be called
Vivendi Universal and be headed by
boss of Vivendi Jean-Marie Messier.
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