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December 4, 1995

SOFTKEY TO BUY COMPTON NEWMEDIA

By CBR Staff Writer

SoftKey International Inc is buying Compton’s NewMedia Inc and Compton’s Learning Co, the former being the company that caused consternation when it claimed a patent on one of the most basic and fundamental multimedia technologies. Publisher Tribune Co, Minneapolis is selling the businesses for securities valued at about $106.5m, and SoftKey, Cambridge, Massachusetts, will assume up to $17m of debt in the acquisition. Tribune also offered to make a strategic $150m investment in SoftKey if the latter is successful in buying the Learning Co, and SoftKey says this would enable it to increase the cash element of its offer.

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