Exact(26)
Final deal: Confirmed.
Sedo.com, which acted as an escrow (trusted independent third party) for the deal, confirmed the price.
Fox declined to comment but a person familiar with the deal confirmed the report.
The deal, confirmed on Tuesday, marks Variety owner Reed Elsevier's exit from the US trade magazine market.
The sale price was not disclosed, although people close to the deal confirmed it was bought for more than £2.4bn.
The deal, confirmed Tuesday by a person in baseball with knowledge of the contract, is pending a physical.
Similar(34)
All told, people involved in the deal confirm that it is worth some $75 million to Mr. Parker and Mr. Stone over the next four years.
The deal confirms that the Internet will become a major form of music distribution, and perhaps the main one.
It's official: JPMorgan Chase and Bear Stearns have announced new terms for their merger deal, confirming Monday's report in The New York Times.
As such, the deal confirms the Redmond-based firm's reinvention as a largely enterprise-focused company with one major successful consumer-facing division: Xbox.
The deal confirms earlier reports of the acquisition, where the rumored price was $400 million.
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