Cendant sells Sierra & Blizzard to French company

Glad you're back, rrevved. Jerry Morelock <snip>

I don't post here much- but read the posts quite often. Just wanted to say welcome back. Your insights were missed. Ken http://gamepad.org/

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> http://avault.com/news/displaynews.asp?story=1121999-135822 > Tuesday, January 12, 1999 - 13:58 CST > Cendant Closes Sale of Consumer Software Division > Source: Reuters > Cendant Corp., which franchises hotels, car-rental agencies and real > estate broker offices, said on Tuesday it had completed the sale of > Cendant Software and its subsidiaries to French media company Havas SA > for $800 million cash plus future potential cash payments. > The sale, which includes Knowledge Adventure, Blizzard Entertainment, > Davidson & Associates and Sierra On-Line, is part of Cendant's effort > to sell off its non-core assets, repay debt and repurchase stock. > Havas is a subsidiary of Vivendi SA. > Cendant said that during the past 30 days it has received more than > $1.3 billion of proceeds from asset sales, which it used to repurchase > stock and reduce debt. > On Oct. 13 Cendant announced plans to buy back $1 billion of its > stock. Since then, it has reduced primary shares outstanding by about > 25 million, the company said. > Shares of Cendant were down 25 cents at $18.94 Tuesday afternoon. > -- > * rrevved posts from mindspring dot com *

hehehe....you're buying wench. Next time you leave without permission I may have to .....p.......l.......o....ur ass hehehehehhe Did you see Nos out there in never never land...? That Canuck *** now owe's me so many drinks I will have to join AA. PAPA DOC Pierre PAPA DOC Legrand Pink Flamingo Pilot... http://home.earthlink.net/~plegrand/PINKFLAMINGO.htm

Oh, shit! Is this an investment company? If it is, so much for our simulators :( -Larry

Quoted text (28 lines)

> http://avault.com/news/displaynews.asp?story=1121999-135822 > Tuesday, January 12, 1999 - 13:58 CST > Cendant Closes Sale of Consumer Software Division > Source: Reuters > Cendant Corp., which franchises hotels, car-rental agencies and real > estate broker offices, said on Tuesday it had completed the sale of > Cendant Software and its subsidiaries to French media company Havas SA > for $800 million cash plus future potential cash payments. > The sale, which includes Knowledge Adventure, Blizzard Entertainment, > Davidson & Associates and Sierra On-Line, is part of Cendant's effort > to sell off its non-core assets, repay debt and repurchase stock. > Havas is a subsidiary of Vivendi SA. > Cendant said that during the past 30 days it has received more than > $1.3 billion of proceeds from asset sales, which it used to repurchase > stock and reduce debt. > On Oct. 13 Cendant announced plans to buy back $1 billion of its > stock. Since then, it has reduced primary shares outstanding by about > 25 million, the company said. > Shares of Cendant were down 25 cents at $18.94 Tuesday afternoon. > -- > * rrevved posts from mindspring dot com *