Word: staking
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...profitably. The onetime French water company that ex-CEO Jean-Marie Messier tried to build into a media empire imploded under huge debt and a devastated stock price. Now Vivendi will get its $14 billion asking price, including $3.8 billion in cash up front as well as a 20% stake in the new venture, while still hanging on to its telecommunications company Cegetel and the Canal Plus TV business. NBC Universal would unite the top-rated TV network with Universal Studios, Universal's theme parks and cable networks that include...
...producers scared? Maybe - they just cut their prices by up to 10%. - By Pelin Turgut Orange Again France Télécom offered over $7 billion to buy the minority 13.7% share in its lucrative cell-phone unit Orange, less than three years after spinning off the stake. The state-owned group is eyeing the increasing cash flow at Orange - Europe's third-largest mobile-phone operator - as a way of whittling down debts of almost $55 billion...
...billion. Fourtou's problem is that Vivendi remains a jumble. It has some telecommunications businesses, plus the world's largest music company, Universal Music Group, and the French subscription TV station Canal Plus, neither of which is doing well. Then there are the "noncore" assets: a remaining 20% stake in the water utility it spun off last year, Veolia Environnement, and a shareholding in Elektrim, a Polish telecommunications company. For a while Fourtou seemed to be betting on telecom: last year, even with his mandate to divest, he acquired BT Group's 26% stake in Cegetel, thwarting an attempt...
...newly occupied territories remained under Israeli military rule. But ultranationalist Israelis saw the occupation as an opportunity to stake a claim on land inhabited by Palestinians that fell on the Biblical maps of the Land of Israel. Mindful of the danger that settlements would preclude a land-for-peace swap, the ruling Labor Party did not encourage settlement, and a decade later only 7,000 Israelis were living in the West Bank...
...creative directors and retouchers--people whose main goal, apart from satisfying their aesthetic impulses, is to lure your credit card out of your wallet. The art of these dream merchants is ultimately graded against the bottom line, and the high cost of their productions reflects the extravagant returns at stake. One 30-second spot of Missy Elliott and Madonna for the Gap required 400 hands (including those of a Kabbalah teacher). A 20-page fashion story for Vogue can demand five days of scouting, four models, three assistants, 200 rolls of film and a six-figure budget. Several million dollars...