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* A federal bankruptcy court judge has granted Random House and Classic Media approval to purchase pubco Golden Books for US$84 million in cash, with the assumption of US$70 million in liabilities. In early June, Golden had agreed to be bought out by DIC Entertainment for US$73 million plus debt worth US$90 million. The new deal, which is contingent upon government approval, is expected to become official later this month.
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September 1, 2001

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