Petersen acquires Surfer

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Petersen Cos., New York, acquired Surfer Productions, publishers of Surfer, Snowboarder, Powder, Bike and Skateboarder, from For Better Living Inc., Auburn, Calif. One executive close to the deal estimated the price to be $30 million, though Petersen did not reveal the terms. The acquisition includes Surfer's Web site and a film and TV division. The staff and editorial offices will remain in Dana Point, Calif.

Copyright August 1998, Crain Communications Inc.

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