Investors look at Vivendi

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Wednesday, May 21, 2003 | 9:50 a.m.

NEW YORK -- Edgar Bronfman Jr. is trying to put together a group to buy back many of the entertainment properties his family sold to Vivendi in a deal that turned sour, several executives close to the negotiations told the New York Times.

Vivendi Universal, weighed down by a heavy debt load, has said it wants to sell its American entertainment assets, valued at more than $20 billion including debt.

Other possible bidders are NBC, Viacom, Liberty Media and a group led by Marvin Davis.

The properties include Universal's film and television studios, theme parks and music company, which is the nation's largest, as well as the USA Networks and Sci-Fi Channel cable services.