The French company Vivendi owns a majority stake of the company, 61 percent. Vivendi is looking to unload that stock in order to focus on its core businesses, and is working with two investment banks, Goldman Sachs and Barclays, to explore the sale. But it’s being reported now that it’s having trouble finding potential buyers.
KCRW’s Steve Chiotakis speaks with Cliff Edwards, a reporter for Bloomberg based in San Francisco. He wrote about this story here.