Word: mergers
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...first quarter of this year after expanding rapidly. And the $640 million Universal Studios amusement park in Florida, which opened in June, has been plagued by technical failures. But MCA chairman and patriarch Lew Wasserman, 77, apparently believes MCA's biggest strategic shortcoming is its failure to find a merger partner that would enable it to compete with such giants as Fox Inc. and Time Warner...
...past decade. Sony's move into the more profitable entertainment industry thus presented a challenge to Matsushita. By acquiring music and movie companies, Sony gained control of the software that helps stimulate the market for electronic products. Matsushita had little choice but to do likewise. The merger faces one bothersome hurdle: while Matsushita has a cash hoard of almost $10 billion and no long-term debt, rising interest rates and a sagging Tokyo stock market may make financing the acquisition difficult. In Tokyo financial experts give the deal no more than a fifty-fifty chance of success...
Sensitive to the brewing backlash against Japanese investors, Matsushita officers are taking pains to characterize the MCA bid as a proposed "merger," a word with less aggressive overtones than "takeover." While many Japanese bureaucrats are uncomfortable about Matsushita's high-profile shopping trip, the government would not interfere with the acquisition of MCA. The Japanese know that in the 1990s hardware and software will go together like song and dance...
...Germany are having a bout of prenuptial nerves. Though the two countries will not formally tie the knot until Oct. 3 -- the earliest practicable date -- the euphoria of unification has given way to a summer of unemployment, rising prices and political disillusionment. Both sides remain firmly committed to the merger, but East Germans have begun to fret over the economic disintegration of their country and West Germans worry about the price of preventing...
...would rather die than be humiliated," the Iraqi President thundered. "We will pluck out the eyes of those who attack the Arab nation." Baghdad cut off its only easy out when it dissolved the five-day-old provisional government it had established in Kuwait and announced an "eternal merger" of the country with Iraq. This left Iraq no way to retreat from Kuwait without a serious loss of face, something the megalomaniacal Saddam is not likely to accept...