Hallmark completes privatization of Crown Media

Crown Media Holdings Inc., home of the Hallmark Channel and Hallmark Movies & Mysteries, is now a privately owned part of Kansas City-based Hallmark Cards Inc.

Hallmark CEO Donald J. Hall, Jr. said Monday that Hallmark completed the short-form merger with Crown Media and has taken the company private.

Hallmark had previously owned about 90 percent of Crown Media. Hallmark’s intent to acquire the remaining shares was announced in March at a cost of about $175 million.

Read more: Kansas City Star

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