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News Brief

June 21, 2000
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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.

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