In a $650 million transaction, Cablevision will form a partnership with the Tribune Co. under which it will purchase about 97 percent of the Newsday Media Group. The deal values Newsday at $632 million; Tribune also will receive $18 million at closing in prepaid rent for properties used in the business. Also, Hewlett-Packard Co. has agreed to buy Electronic Data Systems Corp. for $13.9 billion, a move that will more than double its technology services business.
5 minute read
The Georgia Gulf Corporation has acquired all of the outstanding stock of Royal Group Technologies Limited, a Canadian producer of building products, in a $1.5 billion deal. Also, CMP Holdings LLC will pay $1.4 billion for the coated and supercalendered papers unit of the International Paper Co., and FleetPride Corporation, a distributor of heavy-duty truck and trailer parts, was acquired for $506 million by the global investment group Investcorp and Banc of America Capital Investors.
4 minute read
New York lawyers have helped pull off a star-studded Hollywood wedding with Viacom subsidiary Paramount Pictures' $1.6 billion purchase of DreamWorks SKG Inc. The deal will bring Paramount numerous key assets, including an ongoing partnership with two DreamWorks' founders, producer David Geffen and director Steven Spielberg.
3 minute read