Word: mergers
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Dates: during 1990-1999
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...acquire Capital Cities/ABC. Buffett, whose Berkshire Hathaway holding company is the largest stockholder of Capital Cities/ABC, brokered the buyout and saw the 20 million shares that Berkshire had acquired for $345 million a decade ago surge to a value of $2.3 billion as a result of the deal. The merger raised the value of the investment by $400 million overnight...
...over, Eisner went to the law firm Dewey Ballantine to iron out the final niceties of Disney's $19 billion deal to buy Capital Cities/ABC. And next morning, when he and Cap Cities chairman Thomas Murphy arrived on Good Morning America to stun the world with news of their merger, it was tempting to view Eisner's triumph as the kind of danouement usually reserved for the last 10 minutes of a Disney movie. Wall Street whooped at the deal, which united Disney's theme parks and movie and television studios with ABC's gold-plated network and cable channels...
...merger this size usually comes wrapped in explanations about cash flow and synergy and the global marketplace. But for all the theories, even deals this logical depend for their fuel on the dreams and grudges and high octane of a very few, very powerful men who are too rich to be doing it for the money and too vain to admit to motives more complex than the desire to serve their shareholders. And so last week, following the second biggest takeover of all time, there was a story to tell about the ever more ferocious fight among media giants trying...
WARREN BUFFETT Mickey Mouse merger boosts his ABC stock $400 million...
...United Auto Workers, United Steelworkers of America and International Association of Machinists announced they will merge to form the country's largest industrial union by the year 2000. Leaders for the three later invited other labor groups to join the merger, which aims to restore labor's diminished national presence by uniting nearly 2 million members...