Chicago-based Discovery Zone Inc. said it agreed...
From Times Staff and Wire Reports
Chicago-based Discovery Zone Inc. said it agreed to acquire Leaps & Bounds Inc. from McDonald’s Corp. for shares of Discovery Zone stock valued at $111.4 million. Blockbuster Entertainment Corp. simultaneously agreed to exercise its option to increase its ownership stake in Discovery Zone to 50.1% from 20%. . . . Irvine-based Western Digital Corp. said it acquired the assets of Modulinc Systems Inc. from Eldec Corp., a subsidiary of Crane Co., for an undisclosed amount in cash and royalties.
