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Article: Viacom Bolsters Lineup With Viva Acquisition
- Article from:
- Wireless News
- Article date:
- June 26, 2004
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Wireless News
06-26-2004
Viacom Bolsters Lineup With Viva Acquisition
WIRELESS NEWS-26 June 2004-Viacom Bolsters Lineup With Viva Acquisition (C)2004 10Meters - http://www.10meters.com
As part of a bid to acquire 100 percent of Viva Media AG, Viacom has signed an agreement to purchase the shares of 14 Viva shareholders, who together hold a 75.8 percent ownership interest in the company.
The agreement, announced on June 24, includes the two largest shareholders, Time Warner (30.6%) and Universal Music (15.3%). In a separate transaction, Viacom has agreed to acquire Time Warner's stake in Viva Plus, which is a joint venture between Viva Fernsehen GmbH (51%) and Time Warner (49%).
Viacom ...