The auction for Vivendi Universal's US entertainment assets just got more interesting with reports that MGM, a favourite to win the bidding war, has pulled out of the race after Vivendi put up the price tag to $14 billion. Some reckon the move may be a negotiating ploy – but if not it puts Liberty Media into the position of 'favourite to win'.
Jul 31, 2003
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1 min read
Liberty Media may win Vivendi US entertainment auction after MGM withdraws
MGM has reportedly pulled out of the bidding for Vivendi Universal's US entertainment assets after the price rose to $14bn, leaving Liberty Media as the likely winner.