KKR Made $50 Billion Takeover Bid For Vivendi

Not For Sale

According to the L.A. TIMES, VIVENDI has disclosed that investment group KOHLBERG KRAVIS ROBERTS recently made an unsolicited but "friendly" takeover offer for $50 billion.

The offer, which was rejected, did not include breaking up VIVENDI, which owns UNIVERSAL MUSIC GROUP and accounts for approximately 35% of the $33 billion worldwide music marketplace. At the close of business on FRIDAY (11/3), VIVENDI's market value was was $44.5 billion, based on its stock price.

« see more Net News