Diversified companies
The merger of America Online (AOL) with Time Warner and NextLink Communications with Concentric Network has significant implications for the convergence of wireless technology and the Internet. With NextLink's acquisition of Concentric, the company will offer high-speed Internet access and other data services to businesses, while AOL and
Warner Media L.L.C.
AOL's acquisition of Time Warner at $165 billion is set to create a formidable new player in the online industry, casting a shadow over Microsoft's long-held dominance. Once Microsoft's arch-nemesis, AOL Time Warner promises to be as powerful, if not more so, in the
Warner Media L.L.C.
The proposed takeover of Time Warner by America Online is set to strengthen the company's position in the European market, where the Internet remains fragmented along national boundaries. Despite the Internet's borderless nature, American companies continue to dominate the European online market, with Yahoo, Microsoft, and
Diversified companies
Philips Electronics, the Dutch consumer electronics giant, has agreed to pay more than $100 million to have its name on Atlanta's new sporting venue, the Philips Arena. This deal is the most expensive corporate sponsorship of its kind in the US and will also lead to broader links
Diversified companies
In a significant week for corporate news, major companies in various sectors announced substantial deals and acquisitions. Among the notable announcements, Rohm and Haas has agreed to acquire Morton International Inc. in a $4.9 billion deal, while Hollinger International Inc. has completed the sale of 45 of its U.
Film and video production companies
Metallica, one of the biggest-selling heavy metal acts in the nation, has filed a lawsuit against Elektra Records, seeking to release the band from its long-term contract with the company. The lawsuit, filed on Tuesday in San Francisco, claims that the contract signed in 1984 is illegal under California law,
Film and video production companies
Ted Turner, the renowned entertainment mogul, spoke at the National Press Club on Tuesday, revealing that Time Warner Inc. had vetoed his bid to buy the NBC network from General Electric last year. According to Turner, the deal was "a basic agreement worked out...a little over a year
Television broadcasting industry
Walt Disney chairman Michael D. Eisner is reportedly seeking to acquire NBC, with some media experts estimating the deal could cost as much as $5 billion. The move would be a significant departure for Disney, as it would allow the company to own a television network and produce its own
Television broadcasting industry
Walt Disney Co. has been believed to be interested in buying one of the Big Three networks for years, and speculation rose Wednesday that it may make a bid of as much as $5 billion for NBC and its seven TV stations. Despite having a policy of not commenting on
