The French group VIVENDI UNIVERSAL will acquire the Swiss sport marketing company ISMM-ISL, under certain conditions. Declared bankrupt last 10 April, ISMM-ISL posted losses of CHF 400 million and was threatened with pure and simple liquidation. VIVENDI UNIVERSAL made an offer of between FF 600 and 700 million, accepted by the lending banks of ISL, thus getting a hand on part of the football World Cup audiovisual rights.