As expected, Comcast, Paramount Skydance and Netflix are understood to have lodged first round bids for Warner Bros Discovery (WBD) following the November 20th deadline. No details on the bids have yet been revealed, but bids were submitted “with deal insiders predicting a winning offer that will likely fall far short of the $30 [€26.05] […]

Telefónica and Vodafone España have finalised the sale of a 30 per cent stake in their joint fibre-optic venture, Fiberpass, to AXA Investment Management, in a deal that values the company at around €1.5 billion including debt. The French infrastructure group is expected to contribute approximately €450 million as part of the transaction. With the […]

The likes of Comcast, Paramount/Skydance and even Netflix (which once declared it had no interest in acquiring legacy media networks) are reportedly among the suitors set to make a takeover bid for Warner Bros Discovery (WBD) – although the Saudi PIF investment company has emerged as a late favourite. Non-binding bids must be submitted by […]

Sphere Media, one of Canada’s leading television content creators and producers, and Quebec-based producer Zone 3, have announced their merger. Sphere Media’s programming includes Cardinal (Bell Media), 19-2 (Bell Media, SRC), Transplant (Bell Media, NBC), Sort of (CBC, HBO Max), Small Achievable Goals (CBC) and Wayward (Netflix). The company is also a co-shareholder with Bell […]

Sinclair, the US local television station group, has acquired approximately 8.2 per cent of the outstanding class A (non-voting) shares of The E.W. Scripps Company in recent weeks as it reportedly seeks to increase pressure on Scripps to finalise a takeover deal. “Scripps’ board of directors and management are focused on driving value for all […]

Viaplay Group has, through a wholly-owned subsidiary, completed its acquisition of Telenor Communication’s 50 per cent stake in Allente Group, a proivder of DTH and broadband services, as per the agreement announced in July, for a cash consideration of SEK 1.1 billion (€0.1bn), thereby becoming the sole owner of Allente. Jørgen Madsen Lindemann, Viaplay Group […]

Stingray Group, a specialist in music and video content distribution, business services and advertising solutions, has entered into a definitive agreement to acquire TuneIn Holdings, a player in live audio streaming and ad monetisation. The transaction is valued at up to $175 million (€151.1m), based on TuneIn’s forecasted sales of $110 million and adjusted EBITDA […]

US media company Comcast, owner of Sky, is in talks to acquire ITV’s broadcasting business. Reports late on November 6th suggested that Comcast, which also owns assets including Universal Studios, was in talks to buy ITV’s broadcasting arm, which includes its TV channels and streaming service ITVX, but not ITV Studios. Morgan Stanley and bankers […]

In September, Canada-based Maxar Technologies split itself into two divisions: Maxar Intelligence would now operate as Vantor, while Maxar Space Systems would be called Lanteris. Maxar has now sold Lanteris to Intuitive Machines, headquartered in Houston, Texas. Intuitive Machines, a company that develops lunar landers and other vehicles, has announced it is buying Lanteris Space […]

Portuguese media group Impresa, which controls national commercial broadcaster SIC, has reached an agreement with Italy’s MediaForEurope (MFE) for a capital increase that will see the Italian company inject between €15 million and €40 million. This strategic move allows MFE to acquire a significant stake of just under 33.3 per cent in Impresa, thereby avoiding […]