On March 16, 1985, ABC's executive committee accepted the merger offer, which was formally announced on March 18, 1985, with Capital Cities purchasing ABC and its related properties for $3.5 billion and $118 for each of ABC's shares as well as a guarantee of 10% (or $3) for a total of $121 per share.
How much did Capital Cities Communications purchase ABC and its properties for?
$3.5 billion