Indonesia pay-TV operator PT Media Nusantara Citra, which owns MNC Vision Networks – a pay-TV platform which Vivendi was reported to be looking to acquire – suffered a stock sell-off of 25 per cent on June 17th , and bounced back 15 per cent on June 19th, and consequently a net 10 per cent drop […]
Japan’s giant SoftBank conglomerate is contemplating an IPO for a portion of its $100 billion Vision Fund according to Reuters. The fund was launched in 2017 by Masayoshi Son with – mostly – Saudi Arabian cash and in the process created the world’s largest private technology-based equity fund. Other funding comes from Qualcomm, Apple, Foxconn, […]
Digi-Capital’s Games Report Q1 2019 tracked games companies raising $5.7 billion (€4.9bn) in 2018, which was over twice the previous record investment from 2017. Tim Sweeney’s Epic Games’ $1.25 billion was not only the largest round raised last year, it was the largest non-IPO games investment of all time. The only larger single amount raised […]
A Swedish company, Ovzon, which in October booked a satellite launch contract from SpaceX, has now confirmed it has ordered a geostationary satellite from Space Systems/Loral. But there are conditions. Ovzon says that the craft will provide broadband services, but first it has to raise the cash to fund the purchase. Ovzon says it has […]
One of Kuwait’s sovereign wealth funds, KIPCO is looking to sell its stake in Dubai-based pay-TV operator OSN (the former Orbit-Showtime Network). Goldman Sachs has reportedly been hired to find a buyer. While the reports have not said that KIPCO has ‘had enough’ of being patient with OSN, the most recent data indicates that its […]
This year’s record $25 billion games deals over just 9 months could mean we’ve hit the top of the market, as detailed in Digi-Capital’s new Games Report Q4 2018. Last time this happened, games investment and M&A plunged into a games deals ice age at the lowest level in a decade. The games deals cycle has […]
Fast-growing high-end wireless audio specialists Sonos is to mount an Initial Public Offering (IPO). California-based Sonos, which has not made an annual profit since 2014, issued its regulatory filing on July 6th, and reported a 10 percent rise in revenues for 2017 (to $992.5 million) and a net loss of $14.2 million, itself down on […]
Chinese smartphone maker Xiaomi has filed to list on Hong Kong stock market, in a move that is expected to raise up to $10 billion (€8.35bn). The stock market flotation will be the world’s biggest debut in 2018 accordng to the BBC, and the largest since fellow China tech giant Alibaba’s raised $25 billion in […]
The long-awaited, but much delayed, Initial Public Offering (IPO) for the AT&T-owned Vrio division is not going ahead – at least for the moment. Vrio looks after the DirecTV broadcast activity over South America and the Caribbean region. AT&T was due to mount the IPO today (April 19th) and only last week said the IPO […]
The Board of Directors of digital entertainment group Modern Times Group has decided to initiate a process to split MTG into two companies – Modern Times Group MTG AB and Nordic Entertainment Group – by distributing all of the shares in Nordic Entertainment Group (comprising MTG Nordic Entertainment, MTG Studios and Splay Networks) to MTG’s […]