Still, It's Nice to Know You're Wanted

Vivendi CEO Jean-René Fourtou got his first good news in months last week when Texas oil magnate Marvin Davis ponied up $20 billion for the group's U.S. entertainment assets. The stock leapt by over 20% on the news. Investors got even more interested after Vivendi officials played hard to get — spurning Davis' offer as both incompatible with group strategy and insultingly low. "When a guy offers $20 billion for our U.S. group, we tell him to take a hike," says a Vivendi official in Paris. "If he offers $40 billion, maybe we might take it more seriously but still not...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!