Media News
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Alibaba Group Holding Ltd., China’s largest e-commerce provider, agreed to repurchase about a 20 percent stake in itself from U.S. Web portal Yahoo! Inc. for about $7.1 billion ahead of a potential initial public offering.
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Kabel Deutschland Holding AG agreed to acquire Tele Columbus Group, the German cable television provider owned by creditors after restructuring its debt, for 603 million euros ($770 million) plus accrued interest to expand coverage of the country’s pay-television households.
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China’s largest entertainment group agreed to buy AMC Entertainment Holdings Inc. for $2.6 billion including debt, expanding into the U.S. to create the world’s biggest cinema owner.
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“Marvel’s The Avengers” was the No. 1 movie at theaters in the U.S. and Canada for a third straight weekend, taking in $55.1 million for Walt Disney Co., and making it the studio’s highest-grossing film ever.
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