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HFS and CUC combined in a "merger of equals" on December 18, 1997, to form Cendant Corporation. [ 26 ] [ 27 ] As part of the merger, Silverman announced he would reduce his day-to-day involvement with the company and assume the company's chairmanship in preference of CUC's founder and CEO Walter Forbes .
A series of mergers and acquisitions began when Universal Studios (then a division of the Seagram Company) bought a majority stake in October Films in 1997. [2] Universal then sold its shares to Barry Diller in 1999, who renamed the company USA Films and merged it with Interscope Communications and Gramercy Pictures. [3]
The company grew rapidly in the 1990s, after completing several mergers and acquisitions. WorldCom's first major acquisition was in 1992 with the $720 million acquisition of Advanced Telecommunications Corporation, outbidding larger rivals Sprint Corporation and AT&T to secure the deal, making WorldCom a larger player in the telecoms market. [5]
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1997 mergers and acquisitions (82 P) 1998 mergers and acquisitions (135 P) 1999 mergers and acquisitions (144 P) This page was last edited on 10 February 2024, at 23: ...
This Queens woman got swindled out of $700K in life savings in shocking gold bar scam — here’s how it works and the 3 red flags to watch out for. Danielle Antosz. January 31, 2025 at 6:55 AM.
November 12, 1997: Avalan Technology: Remote monitoring and management United States: Undisclosed [36] [37] December 18, 1997: AI Ware: Artificial intelligence United States: Undisclosed [38] [39] August 5, 1998: Realogic: Consulting United States: Undisclosed Global Professional Services Division [40] [41] September 2, 1998: QXCOM: Database ...