Vivendi Universal appears likely to keep its Universal Music assets, according to a Reuters report yesterday.

The report says the company is looking to raise the finance it needs by selling Universal Studios, its movie-making arm.

"Potential bidders are expected to receive information packs in the next ten days outlining what is for sale," Reuters said.

The news comes in the wake of speculation that Apple would make an offer for Universal Music, Vivendi Universal's music imprint.

Despite Reuters assertion, speculation continues.

Vivendi wil hold its combined ordinary and extraordinary general meeting for shareholders today. Company management are expecting a difficult session, as angry shareholders face shrinking share values.

The company is webcasting the meeting (using Windows Media Player).

It is not certain the company will offer more information regarding a possible Apple offer for its Universal Music business during the meeting.

A note on Universal's Web site warns: "Following the many rumors about possible asset disposals, Vivendi Universal would like to again emphasize that no statement or comments will be made on disposals before their completion."

The transmission begins at 3pm Paris time - about 2pm UK time.