Word: walts
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...deal, which would vault Time Warner ahead of the newly combined Walt Disney Co. and Capital Cities/ABC, raises questions ranging from how Levin, Turner, Malone and top Time Warner executives would co-exist to the impact on Time Warner shareholders. The buyout would lock the cerebral Levin into a potentially volatile alliance with the driven and charismatic Turner, who would own about 11% of Time Warner stock and become its vice chairman under the expected terms of the agreement. "In bringing Turner in, Jerry is rolling big dice," says a media-industry watcher. "He may continue to be chairman...
...free to use neem seeds as they always have. Beyond that, Grace's patent may be upheld. The company found a way to treat traditional neem-seed extract to increase shelf life from weeks to years--just the sort of innovation patent laws cover. Even an environmentalist like Walt Reid of the World Resources Institute, based in Washington, admits, "I won't be surprised if the challenge doesn...
Last week Eisner was a very happy man. A fortnight after springing word of the Walt Disney Co.'s $19 billion acquisition of Capital Cities/ABC, he announced that Michael Ovitz had agreed to leave his post as mega-boss of Creative Artists Agency and join the Mouse conglomerate as president, effective Oct. 1. In June, Ovitz, a.k.a. Hollywood's Most Powerful Man, had passed up a $250 million offer to run MCA. So the news that he would be Eisner's-or anyone's-No. 2 left observers giddy with admiration. "Disney now is not only the world's biggest...
...never had to. His latest blockbuster deal came two weeks ago when Walt Disney Co. agreed to pay $19 billion to 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...
Wall Street was all ears Monday when the Walt Disney Co. announced it would acquire Capital Cities/ABC Inc. to create the world's largest and potentially best-integrated media-and-entertainment group. At $19 billion, the deal stands as the second largest corporate takeover in history...