NY Post: Liberty Media A Player For NBC Universal
September 24, 2009 at 4:18 AM (PT)
Investment bankers are keeping an eye on JOHN MALONE's LIBERTY MEDIA, reports THE NEW YORK POST, "as the deadline for VIVENDI's 20% put option on NBC UNIVERSAL draws near. VIVENDI CEO JEAN BERNARD-LEVY signaled last week that his company is likely to exercise its option, forcing NBCU's parent GE to buy the stake. That could lead to one of three results: a straight reacquisition, an initial public offering or a sale to a third party."
VIVENDI is the parent company of UNIVERSAL MUSIC GROUP.
In FEBRUARY (NET NEWS 2/17), SIRIUS XM RADIO and LIBERTY MEDIA CORPORATION entered into agreements where LIBERTY invested an aggregate of $530 million in the form of loans to SIRIUS XM and its subsidiaries and receive an equity interest in SIRIUS XM.