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[The Film Daily, 6 January 1929, page 1] RCA Closes Deal for Acquisition of Victor / Tangle of Rival Talking Equipment Firms’ Status Seen Furthered / Further strengthening Radio-Keith-Orpheum and RCA-Photophone in the sound picture field, and adding to the puzzle of the relations between RCA and Western Electric, RCA directors Friday voted to absorb Victor Talking Machine Co. through an exchange of stock. One share of new common and one share of new preferred stock of RCA and $5 in cash will be exchanged for each share of Victor common. RCA stock is to be split five for one and a new issue of five per cent preferred floated. RCA has outstanding 1,155,400 shares of common. / RCA is parent company of RCA-Photophone and Radio-Keith-Orpheum. Recently, RCA-Photophone announced plans for a disc synchronization device, with the discs to be made by Brunswick-Balke-Collander. On the other hand, Victor is a Western Electric licensee, and holds contracts for the making of discs for users of the W.E. system.
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