Unheard of Acquisition
In 1985, Capital Cities made a groundbreaking acquisition of ABC, raising an unprecedented amount of debt capital. This non oil and gas transaction, worth three and a half billion dollars, defied expectations and showcased Capital Cities' ability to generate cash and pay back the debt in record time. The acquisition also highlighted the importance of ESPN, which brought in substantial affiliate fees, making it a highly valuable asset.In this clip
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Acquired
Season 4, Episode 1: ESPN
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