According to the US press, movie giant MGM recently approached fellow media giant Viacom about a collaborative bid to buy Vivendi's US entertainment assets. But Viacom boss Mel Karmazin wasn't too keen.
As previously reported Vivendi are considering selling all of their Universal branded entertainment assets as their Paris based parent company still struggles to overcome last year's financial crisis.
But Viacom told MGM they are only really interested in Vivendi's TV networks (the USA Network and the Sci-Fi Channel) so they didn't want to join a more wide ranging bid that might take in Universal's film studios and record labels.
Word is MGM are now looking for private investors to back their bid.