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Vivendi to Buy USA Networks Assets

Dec 17, 2001, 12:00 AM
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Vivendi Universal is buying the entertainment assets of USA Networks Inc. in a $10.3 billion deal to improve distribution of the French media giant's music and movies in the United States. Under the deal announced Monday, Vivendi will combine USA Networks' assets such as the USA and Sci-Fi cable channels and the TV production operation responsible for "Law and Order" and "Jerry Springer, with its own Hollywood-based Universal Studios.

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