A French conglomerate’s acquisition of the Seagram Co. brings to an end the Bronfman family’s 72-year control over the liquor and entertainment giant. As a result of Vivendi’s purchase of Seagram for about $34 billion in stock, Edgar Bronfman Jr., Seagram’s current chief executive officer, became vice chairman of the newly formed company, to be called Vivendi Universal. The Bronfman family fortune funds many Jewish philanthropic causes.
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
