A mammoth deal with many parts. (merger between Tele-Communications Inc., Liberty Media Corp. and Bell Atlantic Corp.)(includes related article)

Broadcasting & Cable, October, 1993 by Foisie, Geoffrey

Merger would value TCI/Liberty's cable systems at roughly $2,000 per sub The final value of the money/assets changing hands in the Bell Atlantic acquisition of TCI depends on what is ultimately bought, what is spun off and when all that takes place. Bell Atlantic is using a range of $30 billion-$32 billion, which could make it the largest corporate combo in U.S.

history, just edging out the 1989 RJR/Nabisco merger. What is certain is that Bell Atlantic first will acquire the part of TCI/Liberty that is easiest to get approved and is, perhaps, strategically the most important - U.S. cable systems and interests in systems abroad. Even though that first-stage acquisition would double Bell Atlantic's debt, the merged telco/cable giant would still,...

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