Seagram faces fight for PolyGram

Article Abstract:

Seagram Co. Ltd. of Montreal, Canada, is facing serious competition with two US companies, Thomas H. Lee Co. and Forstmann Little & Co., to acquire PolyGram NV of the Netherlands, the biggest music firm in the world. PolyGram is anticipated to fetch no less than $10 billion. Thomas H. Lee and Forstmann Little have joined forces and showed their interest to PolyGram and its parent firm Royal Philips Electronics NV, which holds 75% of PolyGram. Seagram and Royal Philips were reported to be negotiating about probable sale of PolyGram, but both companies declined to confirm the report.

Comment:

Netherlds: US cos Thomas H. Lee Co and Forstmann Little & Co are interested to acquire PolyGram NV

Integrated Record Production/Distribution, Records & Tapes, Sound recordings, Seagram Company Ltd., Polygram N.V., Article

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Imax to take 15-per-cent stake in mainframe entertainment

Article Abstract:

Imax Corp of Mississauga, Ontario, will acquire 15% of the equity and senior convertible debt in computer animation commpany Mainframe Entertainment Inc of Vancouver, British Columbia, for C$16 million. Imax will eventually own a 24% stake in Mainframe if its converts the five-year senior debentures into common stock. As part of the deal, the companies will co-finance and co-produce 3D animation films for the Imax formats and other markets.

Motion Pictures, Motion Picture and Video Industries, Data Processing Services, Computer Animation Services, Information technology services, Movie industry, Computer animation, Mainframe Entertainment Inc.

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Thomson may be eyeing rival

Article Abstract:

Toronto, Ont.-based Thomson Corp. is considering an acquisition of rival Amsterdam, Netherlands-based Wolters Kluwer NV. Thomson, which is selling most of its newspaper holdings, is about twice as large as Wolters Kluwer in terms of annual sales.

PRINTING AND PUBLISHING, Printing & Publishing, Publishing industry, Mergers, acquisitions and divestments, Wolters Kluwer N.V.

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