Word: dealing
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Dates: during 2000-2000
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News of the talks follows hard on the heels of the mother of all such connections, the proposed $113 billion marriage of America Online and Time Warner, whose holdings include this magazine. And as in a Vivendi-Seagram deal, these hookups increasingly reach across borders. Last month Spain's Terra Networks, an Internet provider, agreed to pay $12.5 billion for the U.S. portal Lycos; the German media giant Bertelsmann will also be a partner...
...scrutinizing matchups like AOL-Time Warner for indications that the partners might use their clout to deny rivals access to their networks. In part to fend off regulators, AOL last week filed plans to open its wildly popular instant-messaging system to other Internet providers. A Vivendi-Seagram deal would probably face less U.S. scrutiny, since most of its distribution channels would be in Europe. European regulators, however, will take a hard look, just as they said they would do last week with Time Warner's proposed buy of Britain's EMI music group. Says Marion Boucher Soper, who follows...
Sensing an opportunity, Messier approached Bronfman last October. Seagram possessed the kind of content-producing assets that Messier's distribution channels thirsted for. Talks between the two men heated up in January following word of the AOL-Time Warner deal. But the discussions nearly collapsed last spring, before both companies settled on a stock swap that would value Seagram at about $75 a share--a roughly $25 premium above its recent price...
Bacon says he owes a good deal of his success to a special institution in Phoenix, the Thomas J. Pappas School. An oasis amid boarded-up buildings, in the shadows of downtown skyscrapers, it serves some 750 children in grades K through 10--all of them homeless. A day school, funded by both the state and private donations, it is the largest of America's 40 "schools" for homeless children. Most of them are little more than classrooms in shelters. Pappas, named after a local philanthropist, is the only public school with a $300,000 foundation, new buildings...
...unit for $99 to a souped-up model combining satellite TV, digital recording and Net access for $449. Monthly fees range from $10 to $75. AOLTV, on the other hand, will launch with no digital-recording features (although it promises them later in the year as part of the deal it announced with TiVo last week). And everyone who buys AOLTV will have to pay $250 for the box plus a monthly fee of $14.95 (for existing AOL members) or $24.95 (for new users...