Darkbeer
05-07-2003, 11:21 AM
EM.TV sells Jim Henson to the Henson family (http://www.forbes.com/newswire/2003/05/07/rtr963399.html) - Reuters, 5/7/03
QuikQuote: 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., media investor Haim Saban and a group around investor Dean Valentine.
QuikQuote: 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., media investor Haim Saban and a group around investor Dean Valentine.