Media Industry
Industry: Email Alert RSS FeedPlayboy, Spice coupling.(Brief Article)
Broadcasting & Cable, June, 1998
Playboy Enterprises and Spice Entertainment have reached a definitive agreement for Playboy to acquire all outstanding shares of Spice for cash and Playboy stock in a merger valued at $100 million. Spice stockholders will retain ownership of Spice's digital operations center for video and Internet broadcasts.
They will also still own its option to acquire the outstanding stock or assets of Emerald Media, Inc., (a provider of adult entertainment in the C-band market) and certain rights to a library of adult films. Spice has two domestic networks, Spice and Adam & Eve. The deal is expected to close in the third quarter.
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