25 Aug. 2003
The entrance to offices of television network NBC in Burbank, California, on August 25, 2003. The multi- billion dollar auction of Vivendi Universal's show-business empire nears a conclusion his week as the media giant seeks to end its ill-fated foray into Hollywood. [The French conglomerate was locked in last-minute negotiations with contenders over the weekend after auction favorite NBC firmed up its merger proposal ahead of a key board meeting on August 26 that could pick a candidate for final talks.
The auction of Hollywood properties, including Universal Studios, has shaped up as a two-horse race between TV network NBC and a team led by Vivendi vice chairman Edgar Bronfman Jr.]