The Observer has lea…
Saturday, April 3rd, 2004 at
2:22 pm
The Observer has learned that the deal for former Vice President Al Gore and his business partner Joel Hyatt to acquire digital-cable channel Newsworld International (NWI) has hit a major obstacle and may have fallen through in the 11th hour of negotiations.
Sources familiar with the situation said that one of Mr. Gore’s crucial investors got cold feet in the last stage of the deal and that Mr. Gore’s group and the channel’s owner, Vivendi Universal Entertainment, could not agree on a price.
Must’ve listened to the first few days of Air America Radio. >grin<
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