Liberty acquires.Liberty Acquires: Liberty Media Corporation announced Wednesday Wednesday: see week. it was acquiring IDT IDT Integrated Device Technology, Inc. (Santa Clara, CA, USA) IDT I Don't Think IDT Identity Theft IDT Interrupt Descriptor Table IDT Integrated DNA Technologies IDT Inactive Duty Training IDT Instructional Design & Technology Entertainment Co. in a deal expected to close in three months. The Englewood, Colo.-based Liberty will pay $186 million in cash, 17.2 million shares of IDT stock, and assume IDT's debt. IDT, with headquarters in Newark, N.J. and an office in Burbank, is the parent of Film Roman, the animation company behind "The Simpsons," "King of the Hill," and other popular animated programs. Film Roman, located at the Burbank office, also creates animated programming for DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. , online, mobile and other digital platforms. The deal will provide Liberty's Starz Entertainment Starz Entertainment, LLC is a wholly owned television programming subsidiary of Liberty Media Corp. It is part of the holding company Starz, LLC. The company is headquarted at Meridian, Colorado, though the postal designation of nearby Englewood is commonly listed as the Group with animated and live action programming for domestic and international release. The sale of IDT capitalizes on the value the company has created to generate attractive returns for its shareholders, said IDT Chief Executive Officer Jim Courter James Andrew "Jim" Courter (born October 14, 1941 in Montclair, New Jersey) is an American Republican Party politician, lawyer and businessman. He is a resident of Hackettstown, New Jersey. . "We believe that Liberty Media's Starz Entertainment Group is the right company to realize IDT Entertainment's full potential," Courter said. Once the deal is closed, IDT Entertainment and Starz will enter into a five-year programming deal to allow Starz to broadcast certain IDT animated theatrical releases and live action programming. |
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