Word: themes
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...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...
...course, the hand is not yet won. The two companies must complete a 30-day negotiation phase, and the deal is not likely to close until early 2004. Media mogul Barry Diller's complicated minority ownership rights in Vivendi must be unwound, the theme parks sorted out and management posts secured. Only then can imagination get to work...
...more dangerous prospect. But white-collar boxing is fairly innocent: you're not going to get badly hurt because the other guy's probably as incompetent as you." Equally important, the level of Rocky fantasy fulfillment is high: the ceremonial weigh-ins. The bucket to spit in. The theme song when you enter the ring. The nicknames. (Where else could a middle-aged white guy be called "Baby-Faced Assassin"?) The sport has become ubiquitous enough that it's reached the agony-aunt columns. In June a woman wrote in to the Daily Star newspaper's "Just Jane," terrified...
...four-month auction among many of the world's largest media firms, the company signed a letter of intent with General Electric to merge its U.S. movie and TV businesses with GE's NBC. The result would be a new media giant that puts Vivendi's assets - Universal Pictures, theme parks in California, Florida, Spain and Japan, and four U.S. cable-TV stations - together with...
Added: Five Universal Studios theme parks broadcast network. NBC would run the new company, which would have estimated annual revenues of about $13 billion. Vivendi would keep 20% of the new firm. In return, it would receive $3.8 billion in cash and reduce its debt by $1.6 billion - less cash than Vivendi's original price tag, but a deal nonetheless. The lead actors are crowing over their triumph. "It was a long struggle," concedes Bob Wright, chairman and chief executive of NBC, who will head the company called NBC Universal if the deal goes through. "We want...