Deals
Time Warner Said to Pay at Least $80 Million for Flixster
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Time Warner Inc.’s Warner Bros. division is paying about $80 million for the Flixster movie application and related Rotten Tomatoes website, according to three people with knowledge of the transaction.
As part of the deal, Time Warner may pay an additional $20 million in bonuses aimed at retaining Flixster Inc.’s top executives, said the people, who asked not to be named because the terms of the deal weren’t made public when it was announced yesterday.