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It'll be a while. The $13.75 billion merger agreement, which was supposed to expire today, has been extended to March 3. The extension was required because the government has yet to give its blessing on the cable giant's plan to acquire majority control of the TV and movie company. Regulators are certain to approve the merger, with certain restrictions. (DJ)
In other Hollywood deal news, Disney's $660-million sale of MIramax to a consortium led by L.A. billionaire Ron Tutor and billionaire Tom Barrack closed today. (The Wrap)
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.