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BUSINESS
November 2, 1991 | From Times Staff and Wire Reports
TCI-United Artists Merger Wins Approval: United Artists Entertainment Co. shareholders approved a $1-billion stock-swap merger with Tele-Communications Inc. The deal, under which TCI obtains the 46% of United Artists that it does not own, consolidates two of the nation's biggest cable-TV operators. TCI becomes the No. 1 cable firm, with about 8.5 million subscribers, including UAE's 2.7 million. Under the deal, each share of UAE common stock will be converted to 1.02 shares of TCI stock.
BUSINESS
June 8, 1991 | From Times Wire Services
United Artists Entertainment Co. agreed Friday to a sweetened merger offer from Tele-Communications Inc. of Denver. The revised deal calls for 65 million shares of United Artists' Class A and Class B common stock to be converted into Tele-Communications Class A stock at a ratio of one share to 1.02 shares. Tele-Communications' previous proposal, announced May 1, had offered 0.95 share for each outstanding share.
BUSINESS
August 15, 1991 | From Times Staff and Wire Reports
United Artists Net Loss Deepens: Denver-based theater operator and cable-TV operator United Artists Entertainment Co. reported a second-quarter net loss of $33.8 million, or 27 cents per share, on revenue of $356 million, compared to a net loss of $5.1 million, or 7 cents per share, on $355 million in revenue in the year-ago period. Second-quarter operating cash flow increased 7.5% to $104 million.
BUSINESS
November 2, 1991 | From Times Staff and Wire Reports
TCI-United Artists Merger Wins Approval: United Artists Entertainment Co. shareholders approved a $1-billion stock-swap merger with Tele-Communications Inc. The deal, under which TCI obtains the 46% of United Artists that it does not own, consolidates two of the nation's biggest cable-TV operators. TCI becomes the No. 1 cable firm, with about 8.5 million subscribers, including UAE's 2.7 million. Under the deal, each share of UAE common stock will be converted to 1.02 shares of TCI stock.
BUSINESS
August 15, 1991 | From Times Staff and Wire Reports
United Artists Net Loss Deepens: Denver-based theater operator and cable-TV operator United Artists Entertainment Co. reported a second-quarter net loss of $33.8 million, or 27 cents per share, on revenue of $356 million, compared to a net loss of $5.1 million, or 7 cents per share, on $355 million in revenue in the year-ago period. Second-quarter operating cash flow increased 7.5% to $104 million.
BUSINESS
June 8, 1991 | From Times Wire Services
United Artists Entertainment Co. agreed Friday to a sweetened merger offer from Tele-Communications Inc. of Denver. The revised deal calls for 65 million shares of United Artists' Class A and Class B common stock to be converted into Tele-Communications Class A stock at a ratio of one share to 1.02 shares. Tele-Communications' previous proposal, announced May 1, had offered 0.95 share for each outstanding share.
BUSINESS
May 2, 1991 | From Associated Press
Tele-Communications Inc. said Wednesday that it offered to buy the remaining 46% of United Artists Entertainment Co. shares it does not own in a deal that would be worth more than $1 billion. The transaction would consolidate two of the nation's biggest cable-TV system operators--TCI ranks first with about 8.5 million basic subscribers, including UAE's 2.7-million. In a letter to the UAE board, TCI President and Chief Executive John C.
BUSINESS
May 2, 1991 | From Associated Press
Tele-Communications Inc. said Wednesday that it offered to buy the remaining 46% of United Artists Entertainment Co. shares it does not own in a deal that would be worth more than $1 billion. The transaction would consolidate two of the nation's biggest cable-TV system operators--TCI ranks first with about 8.5 million basic subscribers, including UAE's 2.7-million. In a letter to the UAE board, TCI President and Chief Executive John C.
BUSINESS
November 15, 1989 | KATHRYN HARRIS, TIMES STAFF WRITER
MGM/UA Communications Co. directors met Tuesday in a regularly scheduled meeting but adjourned 90 minutes later without discussing any of the takeover bids rumored to be under consideration by diverse entertainment companies, two sources said. "We haven't been contacted," one company executive said, although he added, "There could be something very well going on out there."
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