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Mergers News

RedZone pays $175 mln for Dick Clark Productions

NEW YORK, June 19 (Reuters) - Private equity firm RedZone Capital said on Tuesday it will pay $175 million for Dick Clark Productions, Inc., the producer of American Bandstand, an annual New Year’s Eve television special, and awards shows including the Golden Globes.

Theme park operator Six Flags Inc. SIX.N has taken a 40-percent equity interest in the transaction, RedZone said. RedZone co-founder Daniel Snyder is chairman of Six Flags and will have the same role at Dick Clark Productions.

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