Table: Dance of the Moguls
Here's how Vivendi Universal Chairman Messier might choreograph his deals:
Would give up Vivendi's (V ) 43% ownership of USA Networks Inc. in exchange for full control of USA Networks' entertainment properties.
Current USA Networks (USAI ) chairman would get full control of other USA properties such as Ticketmaster (TMCS ), as well as a cash bonus.
Cable mogul's European holdings would swap programming with Vivendi's European pay-TV unit Canal+. Malone might even buy Vivendi's 22% stake in British pay-TV operator BSkyB, though that's a long shot because of regulatory hurdles.