Vivendi have bought out Barry Diller's personal 2.5% share in their entertainment division - what, as of last week, is NBC Universal. Diller has a long standing, and recently rocky, relationship with Vivendi stemming from when they bought his USA Networks company back in 2001. Diller oversaw the Universal entertainment companies for a while, before quitting the group to concentrate on his own company, e-commerce giant InterActiveCorp. That company maintains a 5.4% stake in NBC Universal, and continues with its court battle with Vivendi over $620 million it aims the French conglom owes it.
May 17, 2004
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1 min read
Vivendi buy out Diller
Vivendi has bought Barry Diller's personal 2.5% stake in its entertainment division, now NBC Universal, while InterActiveCorp continues a court battle over $620 million.