Warner and I.B.M. in talks
Article Abstract:
Time Warner Inc and IBM are in negotiations to merge Time Warner's huge software library and cable television system with IBM's computer technology in the future. The two companies represent the largest entertainment and computer companies in the US. Under the proposed plan, cable subscribers could call up complete libraries of material on television screens. The television could provide access to entertainment, commercial transactions or educational materials. IBM has been exploring multimedia and high-speed computer networks, while Time Warner has been developing home shopping networks and new ways to make money from its libraries of movies. Toshiba and C. Itoh have agreed to invest $1 billion in a subsidiary of Time Warner that would include the cable company and movie company among other assets.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1992
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Time Warner and I.B.M. seen in talks: discussing 12.5% stake in entertainment unit
Article Abstract:
Time Warner Entertainment and IBM are negotiating a deal that would have IBM purchasing a 12.5 percent stake in Time Warner worth $500 million. The two companies plan to merge the computer expertise of IBM with the movies, television and cable television technology of Time Warner. The deal is equivalent to the stake Time Warner is selling to Toshiba Corp and C. Itoh & Company, and is also significantly larger than the Apple-IBM joint venture. The deal with IBM will also allow Time Warner to reduce the debt it incurred in 1990 with the merger of Time Inc and Warner Communications. Time Warner would also gain a strong technology partner, and IBM would gain access to programming material and the cable system it needs to establish a national communications and entertainment network.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1992
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Comment about this article or add new information about this topic:
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