Deadline, Acquisition | featured news

Variety is sold for about $25 million


Penske Media has acquired show business publication Variety. The company already owns one of Variety's fiercest competitors, the online-only trade Variety has been a Hollywood must-read and a global show business symbol for more than a century, famous for its snappy lingo and its breathless coverage of entertainment industry news.


BofA fails to meet congressional deadline

Bank of America Corp failed to meet a Monday midday deadline to hand over further details about its acquisition of Merrill Lynch to a congressional investigative committee, a panel spokeswoman said.


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