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Softkey International Inc

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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.
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BUSINESS
December 8, 1995 | JULIE PITTA, TIMES STAFF WRITER
Ending an often-nasty five-week takeover battle, SoftKey International Inc. on Thursday overcame rival Broderbund Software Inc. and reached an agreement to acquire educational software maker Learning Co. for $606 million. SoftKey's successful bid, combined with its earlier acquisition of Minnesota Educational Computing, makes it the largest company in the fast-growing educational software market. Learning Co.
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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
December 7, 1995 | JULIE PITTA, TIMES STAFF WRITER
By the standards of corporate America, where multibillion-dollar mergers and takeover battles have become routine, the fight for educational software maker Learning Co. is a small-time affair. Broderbund Software Inc. of Novato, Calif., is currently offering $530 million in cash and stock for the company in a friendly offer, while hostile rival SoftKey International Inc. has bid $606 million in cash. It's chump change compared with Disney's $19-billion merger with Capital Cities/ABC Inc.
BUSINESS
December 8, 1995 | JULIE PITTA, TIMES STAFF WRITER
Ending an often-nasty five-week takeover battle, SoftKey International Inc. on Thursday overcame rival Broderbund Software Inc. and reached an agreement to acquire educational software maker Learning Co. for $606 million. SoftKey's successful bid, combined with its earlier acquisition of Minnesota Educational Computing, makes it the largest company in the fast-growing educational software market. Learning Co.
BUSINESS
December 7, 1995 | JULIE PITTA, TIMES STAFF WRITER
By the standards of corporate America, where multibillion-dollar mergers and takeover battles have become routine, the fight for educational software maker Learning Co. is a small-time affair. Broderbund Software Inc. of Novato, Calif., is currently offering $530 million in cash and stock for the company in a friendly offer, while hostile rival SoftKey International Inc. has bid $606 million in cash. It's chump change compared with Disney's $19-billion merger with Capital Cities/ABC Inc.
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
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
December 1, 1995 | Times Staff and Wire Reports
Software Takeover Fight Heats Up: A rare hostile takeover battle in the software industry escalated with Cambridge, Mass.-based SoftKey International Inc. gaining a financial boost in its pursuit of Learning Co. of Fremont, Calif. SoftKey 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 with the takeover bid. Learning Co.
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