June 3, 1999 |
Visa USA said it renewed its sponsorship of the Triple Crown, making it the preferred card at Churchill Downs, Pimlico Race Course and Belmont Park, where Charismatic will attempt to become the 12th triple crown winner on Saturday. Financial terms weren't disclosed. . . . Publicis, a French advertising agency that's been on a shopping spree lately, acquired a 49% stake in Chicago-based Burrell Communications, a black-owned agency and specialist in advertising to minorities.
March 22, 1995 |
Motorola, NEC to Invest in France's Bull: The American electronics powerhouse and the Japanese computer and telecom vendor will each take a 17% stake in money-losing French computer maker Cie des Machines Bull, sources close to the talks in Paris said. IPC of Singapore will take less than 10% later in the year, while IBM Corp. is prepared to raise its stake in Bull to 5% from 1.8%, they added.
February 24, 1995 |
AT&T and French Partner Quadral Hang Up on Bull: The companies withdrew at the last minute from talks about taking a big stake in the French state-owned computer maker, and the breakdown raised doubt about the outcome of the privatization. They said they quit the negotiations because the French government refused to open the telecommunications market before its scheduled deregulation in 1998.
January 26, 1995 |
French TV Signs Deal With Time Warner: Though the government has been a vocal advocate of quotas and restrictions aimed at limiting the dominance of such U.S. companies in Europe, the France Television-Time Warner Inc. accord is the latest in a series of Franco-American deals indicating that top executives in the industry see cooperation, rather than confrontation, as the best option.
October 8, 1994 |
In a move that could score critical points with the French government, Walt Disney Co. said Friday that it is creating a company within its Miramax Films unit to promote the distribution of French films in the United States. Disney, which will also increase cartoon production in Paris, is providing about $6 million in start-up funds for the company. It will invest $20 to $30 million more each year in European co-productions. Disney denied that the announcement was linked to recent U.S.
June 15, 1994 |
Jockeying for a better position in the increasingly competitive world telecommunications market, the telephone monopolies of France and Germany said Tuesday that they will spend $4.2 billion for a 20% stake in Sprint Corp., America's third-largest long-distance carrier. The investment by Deutsche Telekom and France Telecom, if approved by regulatory authorities in each country, will give Sprint the global reach and financial muscle it needs to compete with market leaders AT&T and MCI.