(Reuters) - Cablevision Systems Corp said on Monday it will acquire a 97 percent stake in Newsday media group through a partnership with Tribune company in a $650 million transaction.
Cablevision said Newsday businesses would report to Cablevision Chief Operating Officer Thomas Rutledge. The company said Newsday was valued at $632 million and that Tribune, which will hold a 3 percent stake, would also receive $18 million when the deal closes.
AMSTERDAM (Reuters) - General Motors has dropped a December 31 deadline for bids for its Swedish car brand Saab, which will restart some production lines in January after a shutdown, Saab said on Wednesday.
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