PolyGram's latest seduction
Article Abstract:
Polygram has acquired International Television Group (ITC) and has increased its stake in Music India to 51% through an 11% acquisition. ITC was acquired from Montagu Private Equity. ITC's film library has over 350 feature films such as The Last Seduction, and ITC also owns global television distribution operations. The film library will bring PolyGram a predictable cash flow, and ITC's production operations will also benefit PolyGram. PolyGram acquired Island Pictures, with rights to 120 movies, in 1994.
Publication Name: Mergers & Acquisitions International
Subject: Business, international
ISSN: 1066-3525
Year: 1995
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Red or black for Creditanstalt
Article Abstract:
Insurer Erste Allgemeine-Generali is leading a consortium which is the favourite to purchase Austrian bank Creditanstalt, but a higher bid has been made by the consortium led by German insurer Allianz. The first consortium has a political advantage, as it has Austrian participation, and it is now to submit a revised offer. No indication has yet been given by the Austrian government about when it expects to make a final decision.
Publication Name: Mergers & Acquisitions International
Subject: Business, international
ISSN: 1066-3525
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
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