Cable television broadcasting industry

Rogers Faces Deadline to Unveil Takeover Bid for Maclean Hunter

Rogers Communications Inc. has been given a February 18 deadline to unveil its planned takeover bid for Maclean Hunter Ltd. if it doesn't want its target to sell a contentious block of shares to someone else. Maclean Hunter has stated that it will not dispose of 36.3

Maclean Hunter Removes Obstacle to Rogers Takeover Bid, Explores Strategic Options

Rogers Communications' bid to acquire Canadian publisher and cable television operator Maclean Hunter Ltd. has been made easier after the two companies reached an agreement on a block of 36.3 million shares owned by Maclean Hunter Holdings, a subsidiary of Maclean Hunter Ltd. However, Maclean Hunter is also

Cable television broadcasting industry

Viacom's Bid for Paramount Appears to Gain Edge Despite Rising Concerns

Viacom's final bid for Paramount Communications Inc. has garnered the favor of shareholders, at least in the short term. However, the attractive bid may come with a tarnished prize, as Paramount's quarterly financial projections have raised concerns among analysts. The company's USA Network has

Cable television broadcasting industry

QVC and Viacom Raise Bids in Battle for Paramount Communications

In a dramatic turn of events, QVC Network Inc. and Viacom Inc. submitted revised bids for entertainment giant Paramount Communications Inc. just moments before the deadline, raising the stakes in the $10-billion battle. Home shopping network QVC increased the cash portion of its bid by $750-million to $104 a share,

Cable television broadcasting industry

Viacom Raises Bid for Paramount Communications, Extends Tender Deadline

Viacom's surprise raise of its bid from $80 to $105 per share for Paramount Communications sent shockwaves through the entertainment industry, leaving QVC, led by Barry Diller, scrambling to outbid the media mogul. The tender deadline has been extended to January 21, allowing Viacom to finalize its $9.

Cable television broadcasting industry

Blockbuster Enters the Big Leagues with $8.4 Billion Merger Deal

The merger agreement between Blockbuster Entertainment Corp. and Viacom Inc. marks a significant shift in the entertainment industry, with Blockbuster set to lose its independence in exchange for a stronger position in a rapidly evolving market. The $8.4 billion deal, which includes a $1.25 billion investment by Blockbuster

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