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Elizabeth Dickenson Industries

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BUSINESS
October 20, 1988 | AL DELUGACH, Times Staff Writer
Kirk Kerkorian, who owns about 80% of MGM/UA Communications, recently turned down an offer of more than $1 billion for the movie company from a firm based in the principality of Monaco, sources said Wednesday. Los Angeles lawyer Howard Weitzman, who represented the interested party, confirmed the report from an entertainment industry source. Weitzman said he did not learn whether Kerkorian was simply uninterested in selling or whether he did not want to sell at the offered price.
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BUSINESS
October 20, 1988 | AL DELUGACH, Times Staff Writer
Kirk Kerkorian, who owns about 80% of MGM/UA Communications, recently turned down an offer of more than $1 billion for the movie company from a firm based in the principality of Monaco, sources said Wednesday. Los Angeles lawyer Howard Weitzman, who represented the interested party, confirmed the report from an entertainment industry source. Weitzman said he did not learn whether Kerkorian was simply uninterested in selling or whether he did not want to sell at the offered price.
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NEWS
April 1, 1989 | WILLIAM K. KNOEDELSEDER Jr. and KATHRYN HARRIS, Times Staff Writers
After nearly a year of rumors, on-again, off-again negotiations with a variety of suitors and several 11th-hour reversals, MGM/UA Communications Co. has agreed to be sold for $1 billion to an Australian company best known here for co-producing the hit TV miniseries "Lonesome Dove." As part of the deal, major MGM assets will be immediately repurchased by its longtime owner, Kirk Kerkorian, for $250 million.
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