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In 2004, 80% of the Vivendi Universal subsidiary Universal Studios was sold to GE, to form NBC Universal, with Vivendi retaining a 20 percent stake. At the same time, it sold a 50% stake in Canal+ and StudioCanal to the new company.
The deal added Universal Music Group and Universal Studios to Vivendi's holdings, giving it control of the world's largest music company. It also purchased the remaining shares of CANAL+ and then changed its name once again to Vivendi Universal.
Burdened with debt, in 2004, Vivendi Universal sold 80% of Vivendi Universal Entertainment (including the studio and theme parks) to General Electric (GE), parent of NBC. [44] However, the sale of Universal to NBC and GE did not include Universal Music Group, which had been a part of the film
Between 1997 and 2001, the company switched parents and names multiple times before ending up organized under Vivendi Universal (later renamed Vivendi). On July 10, 2008, Vivendi Games merged with Activision to create Activision Blizzard.
Oct 9, 2003 · The long and often tortured script for Universal Studios was put to bed Wednesday as French-owned Vivendi Universal and General Electric Co. finalized an agreement to marry their...
Feb 2, 2023 · In 2002, Universal was owned by Vivendi, which was not in good shape. Two years before, the company took over Universal's previous owner, Seagram, for an astounding $34 billion. So, Vivendi was open to selling valuable assets in order to lower the company's debt, including Universal Studios and Islands of Adventure, according to the Orlando ...
Universal Studios subsidiary Universal Interactive was moved to Havas Interactive, and in 2001, the division was renamed as Vivendi Universal Interactive Publishing, which by 2002 became Vivendi Universal Games.
