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SEC Filings

S-4
RENAISSANCE MEDIA GROUP LLC filed this Form S-4 on 06/12/1998
Entire Document
 
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ASSET PURCHASE AGREEMENT
 
  On November 14, 1997, Holdings and Time Warner entered into the Asset
Purchase Agreement. The Asset Purchase Agreement was assigned by Holdings to
Renaissance Media, and, on April 9, 1998, Renaissance Media purchased
substantially all of the assets of the Systems for approximately $300.0
million in cash, plus the issuance to Time Warner of a $9.5 million equity
ownership interest in Holdings, subject to adjustment based upon working
capital and subscriber amounts at the time of closing. Time Warner has agreed
to indemnify Renaissance Media in an amount not to exceed $26.0 million in the
aggregate for any losses arising out of any representation or warranty made by
Time Warner in connection with the Acquisition not being true and accurate.
 
  The foregoing summary of certain provisions of the Asset Purchase Agreement
does not purport to be complete and is qualified in its entirety by reference
to the Asset Purchase Agreement, a copy of which is available from the Company
upon request.
 
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