The SEC probes on Vivendi

[Saint_Proverbius]

<strong>[Company -> Update]</strong>

<A href="http://www.vivendiuniversal.com/">Vivendi</a>, it seems, is in a little trouble with the <a href="http://www.sec.gov/">SEC</a> now as well, so sayeth this <A href="http://www.itworld.com/Man/2681/021104vivendi/">news article</a> on <a href="http://www.itworld.com/">IT World</a>. Here's part of it:<blockquote>Vivendi Universal piled up billions of euros in debt as it grew from a utilities company to a conglomerate active in media, Internet and telecommunications, among other areas. The company in August reported a net loss for the first half of 2002 of €12.3 billion (US$12.19 billion as of June 30, the last day of the period being reported.) Debt according to French accounting rules was about €35 billion as of June 30, the company said.Vivendi Universal has announced a restructuring plan, as part of which it is seeking to sell €12 billion worth of assets over 18 months. The company estimates that it will have sold assets worth more than €5 billion by the end of the year.Shares of Vivendi Universal were up 4.8 percent at €12.89 in midday trading at the Paris stock exchange, far from the 52-week high of €64.40.</blockquote>You know, given the Enron thing, Worldcom thing, and so on.. I bet right now isn't a good time to piss off the <a href="http://www.sec.org/">SEC</a>.Thanks to <b>chrisbeddoes</b> for pointing this out on the <a href="http://www.rpgcodex.com">RPG Codex</a> forums.

[Stainless]

Vivendi? Heard of them but can't remember what games they made.

[VasikkA]

Vivendi is Interplay's publisher in Europe, IIRC.

I wonder if IPLY has to change its publisher because of the 'restructuring plan'.

[Rosh]

You know, given the Enron thing, Worldcom thing, and so on.. I bet right now isn't a good time to piss off the <a href="http://www.sec.org/">SEC</a>.

In that case, it's called "The SEC probes IN Vivendi".

[Mr. Anonymous]

"Utilites company" thats putting it nicely. They began as garbage collectors.