Sports marketer seeks bailout
Article Abstract:
International Sport and Leisure (ISL) and its parent ISMM are expected to receive C$89 million from Vivendi and RTL Group to prevent them from going bankrupt. This comes after Kirch, a German pay-television conglomerate, ruled out a takeover on its part. ISL and ISMM in Apr 2001 were put into receivership after a series of costly acquisitions failed to generate needed revenue. The Geneva, Switzerland-based ISL is a sports marketer and part-owner of television rights to the 2002 and 2006 world soccer championships.
Publication Name: Marketing Magazine
Subject: Business, international
ISSN: 1196-4650
Year: 2001
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Havas calls off U.S. merger talks
Article Abstract:
Havas Advertising of Paris, France, the eight biggest advertising agency in the world, cancelled its merger talks with a major US ad agency network. Revival of any merger deal will solely depend on the timing of the stock market recovery, according to Havas chair Alain de Pouzilhac. The company has seen its stock price fell from a high of FFr1327 (C$373) in June 1998 to around C$225 in October 1998.
Publication Name: Marketing Magazine
Subject: Business, international
ISSN: 1196-4650
Year: 1998
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