Microsoft co-founder to buy 90% of big cable company
Article Abstract:
Paul Allen, the co-founder of Microsoft Corp., has reached an agreement to acquire over 90% of the cable operating firm Charter Communications. Charter is the 10th-largest cable operator in the US. Mr. Allen will pay the company $4.5 billion. The move increased Mr. Allen's holdings in the cable business and will, in combination with his Vulcan Venture firm, make him the owner of the seventh-largest cable operator in the US.
Comment:
Microsoft co-founder Paul Allen to acquire over 90% of the cable operating firm Charter Communications
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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Murdoch sets TV Guide sale for $2 billion
Article Abstract:
The News Corporation has reached an agreement to sell TV Guide for $2 billion in cash and stock to United Video Satellite Group Inc. The sale combines the top-selling weekly magazine in the US with the top provider of television listings. The agreement means that News Corporation is giving up its 10-year effort to make TV Guide profitable. TV Guide had becomed mired in debt as a result of an ambitious acquisition strategy.
Comment:
News Corporation to sell TV Guide for $2 billion in cash and stock to United Video Satellite Group Inc.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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DirecTV to buy a major rival for $1.8 billion
Article Abstract:
In a somewhat complicated cash and General Motors stock deal Hughes Electronics Corp.'s DirecTV Inc. will acquire PrimeStar Inc. for $1.8 billion. Combined they could end up with 6.8 million customers. EchoStar Communications Corp. will be the only remaining satellite competitor with about 2 million customers. Cable is still the dominant player in pay-TV, a $44 billion market.
Comment:
Co's subsid. DirecTV to buy PrimeStar
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1999
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