February 1, 1996 |
The struggle over Samuel Goldwyn Co., one of Hollywood's few remaining independent film distributors, ended Wednesday when billionaire John Kluge's Metromedia International Group Inc. announced plans to acquire the company in a deal valued at $115 million. Metromedia's offer comes in two parts: $42.5 million in stock--$5 worth of Metromedia stock for each Goldwyn share--and the assumption of $72.5 million in bank debt that Goldwyn was under increasing pressure to pay.
January 30, 1996 |
The future of financially ailing Samuel Goldwyn Co. was thrown into confusion late Monday when the European entertainment giant PolyGram withdrew a $62-million offer for the company's library of films and TV shows, sources said. Sources said PolyGram executives decided to call off the deal after becoming exasperated by continuing delays in getting a definitive agreement signed. They were scheduled to send a formal letter to Goldwyn on Monday night. The decision came after a Jan.
December 22, 1995 |
Billionaire John Kluge threw a wrench into PolyGram Filmed Entertainment's plans to buy the film and television library of ailing Samuel Goldwyn Co. with an 11th-hour, $115-million bid for the whole company. Goldwyn on Thursday confirmed its executives received a $5-a-share bid of cash or shares from Kluge's Metromedia International shortly after the company announced its PolyGram deal. The bid includes paying $42.
December 20, 1995 |
Dutch-owned PolyGram Filmed Entertainment is expected to announce today that it has agreed to buy the film and television library of financially ailing Samuel Goldwyn Co., according to sources close to the negotiation.
August 21, 1995 |
More Turner Footwork: Turner Broadcasting Systems Inc. is expected to make a bid for Santa Monica-based Samuel Goldwyn Co. sometime this week. The Turner board is meeting today to discuss an offer in the neighborhood of $100 million for the financially strapped independent film and television production entity, which has about $60 million in debt. Also on the agenda of the Atlanta cable company: buying King World Productions Inc., the syndicator of "Jeopardy!"
August 7, 1995 |
It appears that Ted Turner has the inside track to acquire the financially ailing Samuel Goldwyn Co. movie studio, according to sources close to the companies. Turner reportedly paid a personal visit to Goldwyn's West Los Angeles headquarters in the last several weeks. Sources say there have been extensive meetings and intense due diligence going on between the two companies.