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BUSINESS
October 31, 1995 | JULIE PITTA, TIMES STAFF WRITER
The massive realignment now under way in the computer software industry picked up speed Monday as Novell Inc. announced it would shed two major product lines and fast-growing consumer software vendor SoftKey International initiated a bidding war for Learning Co.
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BUSINESS
October 31, 1995 | JULIE PITTA, TIMES STAFF WRITER
The massive realignment now under way in the computer software industry picked up speed Monday as Novell Inc. announced it would shed two major product lines and fast-growing consumer software vendor SoftKey International initiated a bidding war for Learning Co.
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BUSINESS
November 7, 1995 | Times Staff and Wire Reports
Learning Co. Delays Vote on Broderbund Bid: Learning Co., facing a hostile bid from Cambridge, Mass.-based SoftKey International Inc., postponed a shareholder vote planned for Thursday on its proposed acquisition by Broderbund Software Inc. of Novato, Calif. The postponement comes after SoftKey last week made a tender offer of about $606 million in cash and stock for Fremont, Calif.-based Learning Co.
BUSINESS
December 1, 1995 | Times Staff and Wire Reports
Lazard Freres, beset by fines, scandals and shrinking margins, said it will cease underwriting and trading municipal bonds. . . . SoftKey International Inc. bought Compton's New Media Inc. for $106.5 million and obtained a pledge of support from Compton's current owner, Tribune Co., for $150 million in financial assistance if it succeeds in its hostile takeover bid for Learning Co.
BUSINESS
February 7, 1996 | JUBE SHIVER Jr., TIMES STAFF WRITER
Cable giant Tele-Communications Inc. announced Tuesday that it will subsidize computers as well as training programs transmitted over cable and satellite systems to public schools. While TCI executives predicted it will be years before the venture--called ETC w/tci--will turn a profit, they said they intend for the project to eventually become a moneymaker by nurturing interest in its products with public school students and teachers.
BUSINESS
June 23, 1998 | From Bloomberg News
Learning Co., the No. 1 educational software maker, said Monday that it will buy rival Broderbund Software Inc. for $420 million in stock, giving it the best-selling fantasy game "Myst" and geography game "Where in the World Is Carmen Sandiego?" Learning Co., formerly SoftKey International, battled Novato, Calif.-based Broderbund in late 1995, when it trumped Broderbund's bid to buy the old Learning Co. SoftKey won the war and took the Learning Co. name in 1996.
BUSINESS
December 5, 1995 | From Reuters
SoftKey International Inc. raised its hostile takeover bid Monday for computer software maker Learning Co. to about $606 million, topping a friendly offer by Broderbund Software Inc. by about 8%. SoftKey, which also raised the rhetoric in its battle with Broderbund, said it is offering to buy slightly more than 8.59 million shares of Learning Co. for $65 a share in cash and will swap its stock for any remaining Learning Co. shares.
BUSINESS
September 7, 2001 | From Times Wire Services
Irish education software company Riverdeep Group agreed Thursday to buy the educational assets of Learning Co., whose brands include Reader Rabbit, Carmen Sandiego and the Mavis Beacon typing series, for $40 million in stock. Riverdeep also will assume $20 million in debt with the purchase from Los Angeles-based Gores Technology Group, a closely held buyout firm. Gores acquired Learning Co. about a year ago for almost nothing from Mattel Inc., which paid $3.8 billion for the company in 1998.
BUSINESS
November 6, 1996 | KAREN KAPLAN, SPECIAL TO THE TIMES
Educational software maker Knowledge Adventure became the latest boutique multimedia firm that may lose its independence with the disclosure Tuesday that CUC International, a marketing company, plans to buy the privately held firm by year-end. Glendale-based Knowledge Adventure will be purchased in a stock deal valued at between $50 million and $100 million, said Laura Hamilton, CUC International's vice president of investor relations.
BUSINESS
August 19, 1996 | JANE GREENSTEIN, SPECIAL TO THE TIMES; Jane Greenstein is senior editor of Video Business magazine
It was just a couple of years ago that the silvery disks known as CD-ROMs were being hailed as the next big thing in home entertainment, promising killer video games and a rich array of educational and cultural programs for anyone with a multimedia personal computer. Start-up CD-ROM companies such as Digital Pictures, Rocket Science Games and Crystal Dynamics were in the vanguard of the much-hyped marriage of Hollywood and Silicon Valley.
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