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BUSINESS
February 10, 1996 | From Bloomberg Business News
British media group Pearson said Friday that it will buy News Corp.'s HarperCollins Educational Publishing Inc. for $580 million in cash, making it the fourth-largest U.S. publisher of educational books. Rupert Murdoch's News Corp. is selling the business to concentrate on its global television, newspaper and new-media businesses, analysts said. The purchase augments London-based Pearson's position in the $5-billion U.S. education book market, which is expected to grow by about 4.3% a year.
BUSINESS
September 14, 1994 | SANDRA SUGAWARA, WASHINGTON POST
Tele-Communications Inc., the nation's largest and most influential cable company, was poised to acquire a 9% stake in America Online Inc. until Microsoft Corp. Chairman Bill Gates intervened, according to sources close to TCI. The acquisition is now on hold while TCI Chief Executive John Malone and Gates discuss whether the Vienna, Va.-based cable behemoth can invest in Marvel, the code name for the on-line service that Microsoft has been secretly developing, according to sources.
BUSINESS
April 4, 2005 | Rong-Gong Lin II, Times Staff Writer
Who knew yellow pages were so golden? A high-stakes bidding war could be shaping up over a San Diego-based independent phone book publisher, which last month indicated it might be shopping itself around. TransWestern Publishing Co., the nation's second-largest independent yellow pages publisher, announced it had retained Goldman Sachs & Co. to explore "strategic alternatives," which probably means it's thinking of selling the company, analysts said.
BUSINESS
April 2, 1997 | JUBE SHIVER Jr., TIMES STAFF WRITER
When Time Warner Inc. chose this hotbed of entertainment diversions to launch the world's most advanced interactive cable TV system in 1994, executives predicted residents would quickly become hooked playing the system's video games and movies and shopping electronically from their living rooms.
NEWS
August 23, 1994 | LESLIE HELM, TIMES STAFF WRITER
Think encyclopedias and you think of Oxford dons in flowing gowns and the tweedy world of New York publishing. But what you really should be thinking is: Redmond, Wash. That's the home of Microsoft Corp., whose Encarta CD-ROM encyclopedia, replete with video and sound, has become the world's best-selling encyclopedia in its first year on the market. The sudden ascendance of Encarta is more than just another indication that the electronic information age has arrived.
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