Studio and theme parks
Vivendi Universal wants to sell Universal Studios, Universal theme parks and TV production company. One interested bidder includes former oilman Marvin Davis, who has offered $20 billion for Vivendi Universal Entertainment and the Universal Music Group. Vivendi is also looking to sell some of its cable networks, and possible suitors include Viacom and MGM.
Mr. Diller was appointed interim
"My executive role was never intended to be permanent," Mr. Diller said in a statement today. He added that it was appropriate to move now while Vivendi Universal entertains bids for its entertainment assets.
Mr. Diller served as co-CEO with Vivendi Universal's chairman, Jean-Rene Fourtou.
His own bid?
Still, Mr. Diller make not necessarily be looking to walk away. Speculation is that he may be interested in making his own bid for one or more of the entertainment unit's assets, possibly the film studio.
Mr. Diller will remain CEO of USA Interactive, which operates the Home Shopping Network, Ticketmaster, Match.com and Expedia, among other companies. He has a 5.4% stake in Vivendi Universal Entertainment.
Mr. Diller's experience is vast. He helped launch the Fox Television network and also served at the head of studios Paramount Pictures and Twentieth Century Fox.