|
|
Article: ASCENT ENTERTAINMENT GROUP TO ACQUIRE SPECTRAVISION
- Article from:
- PR Newswire
- Article date:
- April 19, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Plans to Merge SpectraVision Assets with Ascent's Majority-Owned On
Command Video Corporation
New Publicly Traded Company Will Provide Pay-Per-View and Information
Services to Approximately One Million Hotel Rooms Worldwide
DENVER and RICHARDSON, Texas, April 19 /PRNewswire/ -- Ascent Entertainment Group (Nasdaq: GOAL) and SpectraVision Inc. (AMEX: SVN) announced today that their boards have approved a transaction in which Ascent would acquire the assets of SpectraVision, which is currently operating in bankruptcy. SpectraVision's creditors' committee has also approved the transaction.
Ascent intends to combine ...