Due to financial problems that USA Networks began facing in 2000, the company began looking to divest some of its assets. USA Broadcasting, as one of these assets, was considered for divestiture as part of a deal to help USA Networks repair its financial footing. In 2001, the remaining entertainment units of USA Broadcasting were sold to Vivendi Universal, along with $10.3 billion worth of shares held by Barry Diller. The television stations were to be sold to The Walt Disney Company, but Univision Communications outbid its competition in a close race. The sale was finalized on January 3, 2002.