episode Posted January 31, 2003 Share Posted January 31, 2003 Source: Bloomberg.com Vivendi Rejects Offer From Electronics Arts, Les Echos Says By Jad Mouawad Paris, Jan. 31 (Bloomberg) -- Vivendi Universal SA, the world's second-largest media company, has rejected an all-stock offer for its games unit from Electronics Arts Inc., Les Echos newspaper said without citing anyone. Paris-based Vivendi said last year it planned to sell its games business, which analysts value at about 1.3 billion euros ($1.4 billion), to pare debt. The French daily paper didn't say why Vivendi turned down the offer from the top U.S. gamemaker. Microsoft Corp., which has been mentioned in press reports as a possible buyer for Vivendi Universal Games, isn't in talks with Vivendi, Les Echos said, citing Microsoft's Robert Bach, who heads the Xbox game console division. Link to comment Share on other sites More sharing options...
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