Markets & Finance

Vivendi Buys USA Networks for $10.3 Billion


USA Networks (USAI) and Vivendi (V) announced they will form a joint venture to own USA Network's entertainment assets and Universal Studios' assets. The deal is valued at $10.3 billion in cash and stock. The deal follows Vivendi's agreement Friday to invest $1.5 billion in EchoStar Communications Corp. (DISH).

Biotech company Amgen (AMGN) announced it will acquire Immunex (IMNX) for $16 billion. Rumors about the deal had surfaced last week. Terms: 0.44 AMGN share, $4.50 cash for each IMNX share.

Alpha Industries (AHAA) says it will acquire Conexant Systems' (CNXT) wireless business. The combined company would be valued at about $3 billion based on Alpha's Dec. 14 closing stock price. Alpha holders will get one share of the new company, while Conexant investors will get 0.342 of a share.

P&O Princess Cruises Plc (POC) rejected the $4.6 billion takeover bid from Carnival Cruise Lines Inc. (CCL).


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