Arnault poised for Endemol bid
By Andrew Edgecliffe-Johnson, Financial Times
February 25 2007
Bernard Arnault, the chairman of LVMH, is understood to be lining up with Endemol’s French management for a bid for the producer of Deal Or No Deal and Big Brother.
Telefónica, the Spanish group which owns 75 per cent of the Amsterdam-listed production company, is preparing to begin a tightly-controlled auction within two weeks, and may allow just two rival groups to compete for Endemol, which is valued at €2.74bn ($3.6bn, £1.8bn).
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