BET buys back full control of BET.com
Cory Bergman August 25th, 2006
Viacom’s BET Networks has bought out the original investors behind BET.com: Microsoft, News Corporation, Liberty Media and IAC/InterActive Corp and 360HipHop.com. “This is a great day,” said BET Networks Chairman and CEO Debra Lee. “We’ve seen our goal of 100 percent controlling interest in our Internet property come true.”
9 Comments Add your own
1. thewashingtonchannel | August 25th, 2006 at 5:29 pm
having control is one thing, having “100%” control seems rather foolish; spread the risk/reward.
those were some pretty deep pockets too!
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