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Vivendi Sets Deadline for Bids on Entertainment Assets

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Troubled media giant Vivendi has set Monday as the deadline for parties to submit bids for its entertainment assets.

The company hopes to gain as much as $14 billion for its Universal film studio and theme parks.

Vivendi is selling the Universal business unit as part efforts to reduce debt. A number of options are reportedly being explored, including a merger with the NBC television network.

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