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From 1976 to 1984, Warner Communications owned Atari, Inc., but suffered substantial losses due to the video game crash of 1983, and spun them off in 1984. [30] Taking advantage of Warner Communications' financial situation, Time Inc. announced on March 4, 1989, that the two companies were to merge.
The pay-per-view unit remained under the ownership of Warner Cable, which became Time Warner Cable after the merger of their parent company Warner Communications and publisher Time, Inc. (Time Warner Cable was spun off as a separate company before Charter Communications acquired it in May 2016) and has undergone numerous transformations before ...
In 1976, Warner Communications purchased Atari, Inc. and had great success with its Atari 2600 consoles. But by 1983, Atari collapsed in the wake of the video games crash that same year, leaving Warner Communications vulnerable to a hostile takeover.
Warner Communications, Inc. purchased a 42.5 percent share in BHC for $200 million in convertible preferred stock. With the Time, Inc./Warner Communications, Inc. merger into Time-Warner, Inc., BHC got a return of some stock held by Warner, cash, and Time Warner convertible preferred stock in Time Warner, a total of valued at $2.3 billion over ...
Companies that were formerly owned by Time Warner (formerly Warner Communications, Time-Warner, AOL Time Warner and later, WarnerMedia), but were sold by the company before its merger with Discovery, Inc. as Warner Bros. Discovery. For companies sold or dissolved after 2022 under WBD ownership, see Category:Former Warner Bros. Discovery ...
Atari Games Corporation was an American producer of arcade video games, active from 1985 to 1999, then as Midway Games West Inc. until 2003. It was formed when the coin-operated video game division of Atari, Inc. was transferred by its owner Warner Communications to a joint venture with Namco, being one of several successor companies to use the name Atari.
Kinney Services Inc. was an American conglomerate company from 1966 to 1972. Its successor was Warner Communications.Kinney National's predecessors were Kinney Service Corporation and National Cleaning Contractors Inc., whose merger began in January 1966 and was completed in August of the same year.
The merger of Time Inc. and Warner Communications was announced on March 4, 1989. [20] During the summer of that same year, Paramount Communications (formerly Gulf and Western Industries) launched a $12.2 billion hostile bid to acquire Time Inc. in an attempt to end a stock swap merger deal between Time and Warner Communications. This caused ...