So says Viacom’s third quarter 10-Q report, filed with SEC last week…we reported in August on Viacom buying back the rest of the stake in BET.com, the website for BET Networks.
Now, the 10-Q mentions that Viacom paid $22.7 million in cash consideration for the 58 percent that was held by Microsoft, News Corporation, Liberty Media and IAC/InterActive Corp and the former investors from 360HipHop.com, led by hip-hop mogul Russell Simmons. BET.com launched in early 2000, with $35 million in funding from these investors.
Also from 10-Q: In September 2006, the company completed the acquisition of the remaining 63.8% interest in MTV Japan for $84.6 million in cash consideration (Our original story here). In addition, on June 1, 2006, the company acquired an additional ten percent interest in Nickelodeon UK for $8.9 million in cash consideration. Previously, Nick UK was a fifty-fifty joint venture with BSkyB.
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