Editing Control Data Corporation (section)

==Investments==
Control Data held interests in other companies including computer research company [[Arbitron]], Commercial Credit Corporation and [[Ticketron]].<ref name=allen/>
=== Commercial Credit Corporation ===
In 1968, Commercial Credit Corporation was the target of a hostile takeover by [[Loews Corporation|Loews Inc.]]<ref>{{cite web
|url=http://archives.chicagotribune.com/1968/06/18/page/55/article/acquisition-offer-still-good-loews
|title=ACQUISITION OFFER STILL GOOD: LOEW'S
|date=June 18, 1968}}</ref> Loews had acquired nearly 10% of CCC, which it intended to break up on acquisition.<ref>{{cite web
|url=https://www.courtlistener.com/opinion/1993927/loews-theatres-inc-v-commercial-credit-company  |title=Loew's Theatres, Inc. v. Commercial Credit Company, 243 A.2d 78}}</ref> To avoid the takeover, CCC forged a deal with CDC lending them the money to purchase control in CCC instead, and "That is how a computer company came to own a fleet of fishing boats in the Chesapeake Bay."<ref name="Price">{{cite book|last=Price|first=Robert|title=The Eye for Innovation: Recognizing Possibilities and Managing the Creative Enterprise|publisher=Yale University Press|location=New Haven, Ct|date=2005-11-11|edition=1|volume=11|pages=[https://archive.org/details/isbn_9780300108774/page/168 168]|isbn=978-0-300-10877-4|url=https://archive.org/details/isbn_9780300108774/page/168}}</ref> By the 1980s, Control Data entered an unstable period, which resulted in the company liquidating many of their assets. In 1986, [[Sanford I. Weill|Sandy Weill]] convinced the Control Data management to spin off their Commercial Credit subsidiary to prevent the company's potential liquidation.  Over a period of years, Weill used Commercial Credit to build an empire that became [[Citigroup]].<ref>{{cite web|last1=O'brien|first1=Timothy L.|last2=Creswell|first2=Julie|title=Laughing All the Way From the Bank|url=https://www.nytimes.com/2005/09/11/business/laughing-all-the-way-from-the-bank.html?pagewanted=all|website=The New York Times|access-date=27 July 2016|date=11 September 2005}}</ref> In 1999, Commercial Credit was renamed CitiFinancial, and in 2011, the full-service network of US CitiFinancial branches were renamed [[OneMain Financial]].<ref name="Citicorp-Nov-1999-10-Q">{{cite web|url=http://edgar.secdatabase.com/1918/100547799005214/filing-main.htm |title=Citicorp, Form 10-Q, Quarterly Report, Filing Date Nov 12, 1999 |publisher=secdatabase.com |access-date =Mar 28, 2013}}</ref>
===Ticketron===
{{main article|Ticketron}}
In 1969, Control Data acquired 51% of Ticketron for $3.9 million from [[Cemp Investments]].<ref name=ct/> In 1970, Ticketron became the sole computerized ticketing provider in the United States.<ref name=ct>{{cite magazine|magazine=[[Variety (magazine)|Variety]]|date=April 8, 1970|page=117|last=Arneel|first=Gene|title=Computicket Folds With $13-Mil Loss, But Ticketron Still Punching Away}}</ref> In 1973, Control Data increased the size of its investment.

Ticketron also provided ticketing terminals and back-end infrastructure for [[parimutuel betting]], and provided similar services for a number of [[Lotteries in the United States|US lotteries]], including those in [[New York City|New York]], [[Illinois]], [[Pennsylvania]], [[Delaware]], [[Washington (state)|Washington]] and [[Maryland]].<ref name=allen>{{cite magazine|magazine=[[Variety (magazine)|Variety]]|date=May 14, 1986|page=92|title=Allen & Co's $165-Mil Deal For Ticketron; No Changes Seen}}</ref>

By the mid 1980s, Ticketron was CDC's most profitable business with revenue of $120 million and CDC, which was loss-making at the time, considered selling the business.<ref name=allen/> In 1990 the majority of Ticketron's assets and business, with the exception of a small antitrust carve-out for Broadway's "Telecharge" business-unit, were bought by [[The Carlyle Group]] who sold it the following year to rival [[Ticketmaster]].<ref>{{cite news|url=https://www.nytimes.com/1991/02/28/business/company-news-ticketmaster-deal-to-get-ticketron.html|access-date=May 30, 2020|work=[[The New York Times]]|title=Ticketmaster Deal To Get Ticketron|page=4 (section D)|date=February 28, 1991}}</ref>