The Informer

Business news is presented. Walt Disney Co. is said to be wooing a reborn but reluctant Metro-Goldwyn-Mayer, hoping to buy it in a stock swap. Disney covets MGM's 4,000-film library for its myriad TV outlets. The Internal Revenue Service is contesting dozens of valuations made by heirs of Herbe...

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Bibliographic Details
Published in:Forbes 2002-02, Vol.169 (4), p.048
Main Author: Brett Pulley, Janet Novack, William P. Barrett & David Armstrong
Format: Magazinearticle
Language:English
Subjects:
Acquisitions & mergers
Chief financial officers
Entertainment industry
Estate taxes
Litigation
State court decisions
Tax courts
Online Access:Get full text
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Summary:Business news is presented. Walt Disney Co. is said to be wooing a reborn but reluctant Metro-Goldwyn-Mayer, hoping to buy it in a stock swap. Disney covets MGM's 4,000-film library for its myriad TV outlets. The Internal Revenue Service is contesting dozens of valuations made by heirs of Herbert Allen, New York dealmaker and Forbes 400 member who died in early 1997. In US Tax Court the feds say his racehorses were worth $600,000; the estate says they would go for $387,000.
ISSN:0015-6914
2609-1445