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Vivendi Woes Continue

December 12, 2002 at 12:54 pm by xoanon  - 

Ianthe writes: You might like to track today’s news announcements about the French raid on the headquarters of Vivendi Universal. That omni-industry supergiant owns Houghton Mifflin – which in turn is the publisher of LoTR. It’s also under close Securities and Exchange Commission investigation.

Part of what’s being looked into is mis-stating of financials that made the firm look healthier than in fact it was. One of the results of the disclosure of Vivendi’s liquidity crisis was their selling Houghton Mifflin to raise cash.

Tracking the thing from the LoTR perspective is a bit like watching one spot on the back of a leaping jaguar, but it’s interesting none the less.

Here’s one link from the Boston Globe. I am sure just about every other news outlet has similar articles: [More]

Posted in Old Special Reports on December 12, 2002 by

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