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PAUL ALLEN EYES SEAGRAM'S 15% STAKE IN TIME WARNER
Published January 26, 1996
Blazers Owner and Microsoft co-founder Paul Allen is looking into making an offer for Seagram's 15% stake in Time Warner, according to Eben Shapiro of the WALL STREET JOURNAL. Bear, Stearns is helping Allen "sift through" potential media investments. But a source close to Allen says "there is real interest" in the Time Warner stake, which is reportedly worth $2.3B (WALL STREET JOURNAL, 1/26).