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Entries tagged "Viacom"THQ may be in play?Lost in the buzz about Electronic Arts potentially being taken over by Microsoft was a rumor with more veracity about smaller game publisher THQ being a target of Time Warner or Viacom. Viacom plays numbers with The BeatlesFor Viacom, the purchase of Harmonix has been nothing but sweet music, but will its decision to bet on The Beatles hit a sour note? Redstone may have found way to keep Viacom, CBSThe objective for media mogul Sumner Redstone is to hold on to his controlling stakes in both Viacom Corp. and CBS Corp. And now, according to the Financial Times, which cites people familiar with the situation, Redstone may have found a way to that with a reported agreement to sell part of National Amusements Inc.'s 1,500 movie theaters. The move would generate the funds needed to make a payment for the $800 million National Amusements owes, avoiding more divestments of Redstone's stake in CBS and Viacom.... Redstone's NAI may have to sell more assetsPali Capital Inc. analyst Rich Greenfield suggests in a Wednesday blog post that National Amusements Inc. is preparing to embark on another anticipated sale of either shares in other companies or of theaters. ... Redstone assures investors he supports CBS, ViacomMedia mogul Sumner Redstone tried Thursday to assuage concerns about the "extraordinary circumstances" and "clearly atypical" actions taken by his privately held theater chain National Amusements Inc. ... Redstone unloading CBS or Viacom doesn't add upAll this hot air that Sumner Redstone may have to give up control of CBS Corp. or Viacom Inc. to satisfy debt covenants overlooks a couple of cold facts. The first fact is that National Amusements Inc., the Redstone-controlled company confronting an $800 million maturity at the end of this year, could sell the rest of its nonvoting shares of CBS and Viacom for more than $500 million. Add this to the $233 million in CBS and Viacom shares that privately held NAI has already sold, and total proceeds would be pushing $750 million.... Redstone sells stake in Viacom, CBS to meet loan termsThe credit crunch is hitting the pockets of all Americans, even billionaire Sumner Redstone. The media mogul, who controls Viacom and CBS Corp., is selling about one-fifth of his stake in the two media companies to meet loan terms at his privately held holding company, National Amusements Inc. The divestment of nonvoting stock amounted to a sale of about $400 million. Bloomberg says, "Redstone is facing pressure from lenders to meet loan requirements during a period when credit markets have frozen." - Gerald Magpily ... DreamWorks divorce from Paramount finalAnother Hollywood marriage ends in divorce. The movie studio started by Steven Spielberg, DreamWorks SKG, has finalized Monday its breakup with Paramount Pictures. ... Is David Geffen playing the media to drum up demand for DreamWorks?Hollywood insiders spot carefully orchestrated media campaigns to solicit competing bids for DreamWorks. Analyst: Redstone should take Viacom privateWith Viacom Inc.'s stock languishing at roughly the same price it fetched two years ago, Richard Greenfield of Pali Capital Inc. urged in a Wednesday note that Sumner Redstone "put investors out of their misery" by taking the media house private.... Who are those possible Take-Two bidders anyway?Earlier, Dealscape filed a summation of Take-Two Interactive Software Inc.'s SEC filing divulging the possibility of competing bids, but there was nary a name identifying who might try to challenge Electronic Arts Inc.'s $2 billion bid. Dealscape trolled through video game sites and blogs to handicap the possible bidders.... Ubisoft as Take-Two's hero? Not so fastAn analyst put forth the possibility of French video game publisher Ubisoft Entertainment riding in to save Take-Two Interactive Software Inc. from Electronic Arts Inc.'s hostile bid. The truth is, such a scenario is as far-fetched as the plot lines of their video games.... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Viacom." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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