CBS TAKEOVER SPECULATION SURFACES
Published November 7, 1994
A new "takeover rumor about CBS is quietly making the rounds on Wall Street," according to Dan Dorfman in this morning's USA TODAY. Dorfman reports that speculation has arisen that a deal for CBS could come within three months, with a price tag of $6 billion. The names surfacing as potential CBS buyers: Marvel Entertainment and New World CEO Ronald Perelman, Microsoft's Bill Gates, LDDS Communications Chair John Kluge, Bill Cosby, and the new entertainment power trio of Steven Spielberg, David Geffen and Jeffrey Katzenberg (USA TODAY, 11/7).