Word: corps
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Dates: during 1990-1999
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...spree over the past 18 months has made Masayoshi Son something closer to the Napoleon of the multimedia business. First he swallowed Ziff-Davis, the American computer-magazine giant. Then he bought 37% of Yahoo, the U.S. Internet search-engine company. In June he and another corporate conqueror, News Corp.'s Rupert Murdoch, acquired a 21% interest in TV Asahi, which will be the entrepreneurial duo's base for a 150-station satellite network called Japan Sky Broadcast. And in September, Son's Tokyo-based Softbank paid $1.5 billion for 80% of California-based Kingston Technology, the world's largest...
...infrastructure. That was the first stage, and now we are on to the second and third stages." He likes to tell the tale of his joint venture with Murdoch: it was last April, and Murdoch's office called to ask if the Softbank chairman would speak at a News Corp. reception in Tokyo. Son's assistant, protective of his schedule and not recognizing the Murdoch name, dutifully turned down the request. "'Wow, no!' I told her," Son recalls. "'This is one invitation we have to accept.'" Four weeks and just two meetings later, Son had convinced Murdoch that Softbank...
Last week a three-way deal created the largest radio-only company in the country: Chancellor Media Corp. The new outfit combines Evergreen Media Corp. and Chancellor Broadcasting Co., which is controlled by investment firm Hicks, Muse, Tate & Furst and is valued at about $1.5 billion. The company will then buy 10 stations from media giant Viacom for $1.075 billion...
...Corp., the parent company of American, has been a champion at it, having shaved more than $1 billion in costs. USAir knocked back 10% of its flights. Delta laid off a large percentage of its work force. Northwest decided to retrofit old aircraft instead of buying new ones. The majors stopped, for the most part, their suicidal price-cutting wars. They curtailed their wildly optimistic purchases of new aircraft that had led them into such trouble in the 1980s. They shut down unprofitable routes, leaving many cities to the commuters...
...Lloyd Acheson, the chief executive of Omega Logic, the fictional middle-size firm caught between giant Intel and the upstart VWPC. Like the real-life executive Jim Clark, who left Silicon Graphics to co-found Netscape, Acheson bails out of the hardware-manufacturing business and co-founds "Everyware Corp." with Benoit. Clark, of course, became an instant Internet multimillionaire when Netscape went public. By the end of Bronson's tale, Acheson and Benoit too are "skipping the conventional second and third round financings...and gunning straight for a public offering...