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.
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.