MCA Talks Continue: Top officers of Matsushita...
- Share via
MCA Talks Continue: Top officers of Matsushita Electric Industrial Co. and MCA Inc. continued acquisition talks in New York but didn’t reach an agreement on a price at which the Japanese firm would acquire MCA. Individuals close to the talks have said any buyout agreement would probably pay MCA shareholders between $75 and $85 per share, or as much as $7.79 billion. Issues other than price have largely been settled, the individuals said. The talks have reportedly taken place at the Manhattan law offices of Simpson, Thacher & Bartlett, which represents Matsushita, and at other locations.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
