Luv2Roam
05-07-2003, 07:34 AM
EM.TV sells Jim Henson to the Henson family
Reuters, 05.07.03, 7:27 AM
FRANKFURT, May 7 (Reuters) - Ailing German media group EM.TV & Merchandising AG <ETVG.DE> said on Wednesday it agreed to sell Jim Henson Company, the maker of the Muppets, to the children of its founder Jim Henson.
Putting an end to a protracted auction that has been going on for years, EM.TV said it would sell the group for $89 million. It bought Henson in 2000 for $680 million at the peak of the stockmarket bubble.
The auction had attracted interest from several media firms, including giant Walt Disney Corp. (nyse: DIS - news - people), media investor Haim Saban and a group around investor Dean Valentine.
Copyright 2003, Reuters News Service
Reuters, 05.07.03, 7:27 AM
FRANKFURT, May 7 (Reuters) - Ailing German media group EM.TV & Merchandising AG <ETVG.DE> said on Wednesday it agreed to sell Jim Henson Company, the maker of the Muppets, to the children of its founder Jim Henson.
Putting an end to a protracted auction that has been going on for years, EM.TV said it would sell the group for $89 million. It bought Henson in 2000 for $680 million at the peak of the stockmarket bubble.
The auction had attracted interest from several media firms, including giant Walt Disney Corp. (nyse: DIS - news - people), media investor Haim Saban and a group around investor Dean Valentine.
Copyright 2003, Reuters News Service