Avnet, 2 others to buy Veba Electronics, in sign of faster industry consolidaton
Article Abstract:
Avnet Inc, Arrow Electronics and an affiliate of Schroder PLC have formed a consortium to acquire Veba Electronics Group in Germany. This is a sign of more consolidation in the electronics industry to come.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2000
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DirecTV will buy PrimeStar, Tempo for $1.8 billion
Article Abstract:
El Segundo, Calif.-based satellite broadcaster DirecTV, owned by Hughes Electronics Corp., will purchase PrimeStar Inc. and Tempo for $1.8 billion cash and stock. In the process, DirecTV will add PrimeStar's 2.3 million U.S. subscribers to its own 4.5 million. While DirecTV continues its acquisition of U.S. Satellite Broadcasting Co., it claims it is on track to becoming profitable by the second half of 1999.
Comment:
To buy PrimeStar in cash and stock deal
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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