Net News search results for: goldman sachs group
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November 21, 2012
Connoisseur Moves To Assume Debtor's Bid To Buy 10 Nassau Stations, Including WPST
The debtor group that applied to take over 10 NASSAU BROADCASTING stations in NEW JERSEY and PENNSYLVANIA in bankruptcy has moved in U.S. Bankruptcy Court to assign its right to buy the stations to JEFF WARSHAW's CONNOISSEUR MEDIA. NB … more »
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September 11, 2012
Report: UMG Looking To Unload $350 Million In Assets To Win EU Approval To Buy EMI Music
YESTERDAY (NET NEWS 9/10), ALL ACCESS reported as The EU inches closer to approving the $1.9 Billion purchase of EMI MUSIC by UNIVERSAL MUSIC GROUP, more details continue to leak out regarding the concessions UMG is being asked to make in order to get a … more »
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September 9, 2011
Antitrust Suit Against Equity Firms Now Encompasses Clear Channel, Univision Buyouts
The expansion by a federal judge of the scope of an antitrust suit against 11 private equity firms is bringing the buyouts of CLEAR CHANNEL and UNIVISION under scrutiny. The NEW YORK TIMES' DEALBOOK reports that the suit accuses the firms of a … more »
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July 29, 2011
Inner City Broadcasting Poised For Takeover
INNER CITY BROADCASTING CORP. (ICBC) is in the process of having its debt taken over by a group headed by MAGIC JOHNSON, FORTRESS CAPITAL and RON BURKLE’s YUCIPA companies. Their debt had been held by GOLDMAN SACHS. While talks are still in … more »
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July 20, 2011
Access Industries Completes Acquisition Of Warner Music Group
It's officially official. WARNER MUSIC GROUP TODAY (7/20) announced the completion of its acquisition by AIRPLANES MUSIC, LLC, and AIRPLANES MERGER SUB, INC., affiliates of ACCESS INDUSTRIES, INC. for $8.25 per share in cash. The transaction was approved … more »
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June 2, 2011
Retirees Sue Tribune Shareholders
A group of retired TRIBUNE CO. and TIMES MIRROR CO. executives, editors, and publishers are suing major TRIBUNE shareholders they allege benefited from SAM ZELL's buyout of the company, attempting to recover $109 million in retirement benefits that were … more »
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May 23, 2011
Report: Yucaipa, Magic Johnson Buy ICBC Debt From Goldman Sachs
The YUCAIPA COMPANIES and MAGIC JOHNSON ENTERPRISES, which recently bought Hurban KVIB (95.1 LATINO VIBE)/SUN CITY WEST, AZ; Alternative KEXX (X 103.9)/GILBERT, AZ; and Top 40/Rhythmic KKFR (POWER 98.3)/MAYER, AZ from RIVIERA BROADCAST GROUP for $16 … more »
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May 18, 2011
Oaktree Capital Makes Plans To Go Public
OAKTREE CAPITAL, which holds the debt of TRITON DIGITAL and TOWNSQUARE MEDIA among others, is making plans for an IPO, reports BARRONS. "Mainly known for its fixed-income prowess, OAKTREE manages about $85 billion in assets," notes BARRONS. The … more »
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May 2, 2011
Bidding For Warner Music Group At $3 Billion
The bidding for WARNER MUSIC is approaching "more than $3 billion, with two or more bids expected on MONDAY (5/2) for the whole company," reports THE FINANCIAL TIMES. The report says, "Several people familiar with the three-month auction … more »
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March 1, 2011
Report: Warner Music Group Has Ten Buyout Offers
WARNER MUSIC GROUP has reportedly received more than 10 bids for its businesses, people with knowledge of the process told BLOOMBERG NEWS. "SONY/ATV MUSIC PUBLISHING LLC, a joint venture between SONY CORP. and the estate of MICHAEL JACKSON, and KKR … more »