VIVENDI UNIVERSAL LOOKING TO SELL STAKE IN THEATER CHAIN

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VIVENDI UNIVERSAL LOOKING TO SELL STAKE IN THEATER CHAIN
Wednesday, April 10 2002

Hoping to reduce some of its staggering debt load, Vivendi Universal is looking to sell its stake in United Cinemas International, one of the largest overseas movie chains, with 120 theaters operating in 12 countries and on three continents. Vivendi Universal is partnered with Viacom's Paramount Pictures in UCI, which is said to be worth close to $1 billion.