BusinessFebruary 19, 1996
BUSINESS MEMO: DISNEY BUYS ABC
The Walt Disney Co. has completed its $19 billion purchase of Capital Cities/ABC Inc., creating the world's biggest media and entertainment conglomerate with movie and TV production prowess and the broadcast and cable networks to distribute programs...
The Walt Disney Co. has completed its $19 billion purchase of Capital Cities/ABC Inc., creating the world's biggest media and entertainment conglomerate with movie and TV production prowess and the broadcast and cable networks to distribute programs.
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The closing last week of Disney's purchase of Capital Cities/ABC marked the second-biggest corporate takeover on record after the $25 billion purchase of RJR Nabisco Holdings Corp. in 1989.
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