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Season 4, Episode 1: ESPN
Acquired
Capital Cities Invests $3.5 Billion in ABC and All Their Related Broadcast Assets
In 1985, Nabisco offered $500 million for ESPN. Tom Murphy and Dan Burke decided to buy ABC in a reverse acquisition. The purchase was the largest non oil and gas transaction in business history. It's worth noting that one of those two men is now CEO of NBC Universal.
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