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News from Variety 10/13/02

Discussion in 'Muppet Headlines' started by danielromens, Oct 19, 2002.

  1. danielromens

    danielromens Member

    News from Variety 10/13/02___

    This in variety


    Posted: Sun., Oct. 13, 2002, 12:31pm PT

    EM.TV says Henson is still in play
    Company considering many options, sez spokeman


    BERLIN -- German kidvidder EM.TV has denied rumors that a deal with billionaire producer Haim Saban for the Jim Henson Co. has been signed, adding that the company remains in talks with a number of interested buyers.
    Specifically, EM.TV spokesman Frank Elsner refuted reports the company and Saban had signed a letter of intent, and added EM.TV could simply end up selling a stake in Henson. "EM.TV is considering different options and still has until the end of the year. A sale of Henson is not imminent."

    Yet Saban and New York investment group Evercore Partners have reportedly made an offer of $128 million, around double the figure initially reported last week. While EM.TV officials refused to comment on the going price, one source close to the company said EM.TV was seeking a price close to Henson's current book value of $147 million, adding that Saban's reported offer wasn't far from that.

    The Munich-based group has until the end of the year to sell its stake in Henson in order to pay back the remaining $63 million from a $250 loan to creditor banks.

    Company said it has no plans to sell its 45% stake in Herbert Kloiber's Tele Muenchen Group nor its 16% stake in film group Constantin. Its minority stake in Formula One racing remains tied up in the Kirch Group's insolvency proceedings.

    Date in print: Mon., Oct. 14, 2002, Los Angeles
  2. BoyRaisin2

    BoyRaisin2 Active Member

    Ai yi yi...
  3. Fozzie Bear

    Fozzie Bear Well-Known Member

    When will people listen to me?

    I keep trying to tell everyone, if we Muppet Fans throw in $100 a piece, we'll be able to OWN JHC ourselves!! I'll collect the money, pay for it with all our names on the form and I SWEAR I won't cheat. Fozzie's don't cheat.

    We just wiggle rubber chickens and tell bad jokes.

    FOZ
  4. EmmyMik

    EmmyMik New Member

    There should be a law banning press releases and articles like this from being over 10 words long. Anything more is way too scary...

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