Mattel pursues sale of Learning Co. to end saga of troubled acquisition

Article Abstract:

Mattel Inc. is seeking a buyer for its struggling Learning Co. subsidiary. A deal for Learning Co. could bring less than a third of what Mattel paid for it.

Mattel Inc., MAT, Learning Company Inc., TLC

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Inprise and Corel agree to call off their merger plan

Article Abstract:

Corel Corp.'s merger proposal with Inprise/Borland Corp. was terminated by both entities. The planned merger was valued at $1.04 billion (1.15 billion euros).

Canada, Corel Corp., INPRISE Corp., CORL, INPR

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Kodak will sell software unit

Article Abstract:

Eastman Kodak Co. is planning to sell its Eastman Software unit as part of an effort to eliminate poorly-performing assets. In 1997, the company acquired the unit for $260 million. Kodak acquired Eastman Software from Wang Laboratories Inc. in order to strenghthen its document-imaging software unit. According to analysts, the unit has suffered approximately $12 million in loss per quarter.

Comment:

Eastman Kodak planning to sell its Eastman Software unit

Photographic equipment and supplies, Photographic and Photocopying Equipment Manufacturing, Photographic Equip & Supplies, Abstract, Photographic industry, Eastman Kodak Co., EK

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