Apple denies bid for Universal Music

Steve Jobs, Apple Computer's chief executive, said his company never made any offer to invest in or acquire Vivendi Universal's Universal music division, but he did not deny the two groups were in talks, nor did he rule out a possible bid over the next few weeks.

Mr. Jobs was responding to media reports on Wednesday attributed to Vivendi board member Claude Bebear, who was quoted as saying the computer company would "probably" make a $6 billion bid for the French media group's music division. He added that the $6 billion figure was "a bit low."

A Vivendi spokesman later said Mr. Bebear denied having "given a view on any negotiations which may be underway." However, Vivendi insiders said that contacts with Apple were ongoing and could lead to an offer.

Meanwhile, USA Interactive has become the latest media group to file a lawsuit against Vivendi Universal in a move that could hold up the French company's planned sale of its U.S. entertainment assets.

News source: MSNBC - Apple denies bid for Universal Music

View: Neowin - Apple Buys Universal Domain

View: Neowin - Apple Interested in Buying Universal music from Vivendi

Previous Story
Symantec announced Symantec Web Security 3.0
Next Story
IBM turns up the heat on Taiwan's chip makers