Avnet, 2 others to buy Veba Electronics, in sign of faster industry consolidaton

Article Abstract:

Avnet Inc, Arrow Electronics and an affiliate of Schroder PLC have formed a consortium to acquire Veba Electronics Group in Germany. This is a sign of more consolidation in the electronics industry to come.

United Kingdom, Commercial Banks, Commercial Banking, Strategic alliances, Electronic parts and equipment, Electronic Parts Wholesale, Other Electronic Parts and Equipment Wholesalers, Misc. Nondurable Goods, Wholesalers NEC, Miscellaneous Nondurable Goods Wholesalers, Banking industry, Company acquisition/merger, Wholesale industry, Wholesale trade, Electronic components industry, Electronics wholesalers, Arrow Electronics Inc., Avnet Inc., ARW, AVT, Schroders PLC, VEBA Electronics Inc

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DirecTV will buy PrimeStar, Tempo for $1.8 billion

Article Abstract:

El Segundo, Calif.-based satellite broadcaster DirecTV, owned by Hughes Electronics Corp., will purchase PrimeStar Inc. and Tempo for $1.8 billion cash and stock. In the process, DirecTV will add PrimeStar's 2.3 million U.S. subscribers to its own 4.5 million. While DirecTV continues its acquisition of U.S. Satellite Broadcasting Co., it claims it is on track to becoming profitable by the second half of 1999.

Comment:

To buy PrimeStar in cash and stock deal

Cable and other pay TV services, Direct Broadcast Satellite TV Providers, Cable and Other Program Distribution, Abstract, Hughes Electronics Corp., GMH, Direct broadcast satellite television, Satellite television, Satellite television industry, DIRECTV Inc., PRIMESTAR Inc.

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