Aferian plc was today [March 6th] suspended from the London AIM index as it announced that it intended to appoint administrators. It has now sold its operating subsidiaries – 24i and Amino – both to Sapphire Technology. The UK-based company said it had filed a notice of intention to appoint David Hudson and Philip Armstrong […]
Netflix has announced the acquisition of InterPositive, the filmmaking technology company founded by Hollywood actor and director Ben Affleck that develops AI-powered tools built by and for filmmakers. Netflix said that InterPositive’s mission — to use emerging technology in ways that protect and expand creative choice — is “deeply aligned” with its own long-standing belief […]
ITV, the UK FTA commercial broadcaster, has posted its full year for 2025 – beating expectations as rumours of a network sale to Sky continue to swirl. Group external revenue rose 1 per cent to £3.51 billion (€4.03bn), while total group revenue remained flat at £4.12 billion. Carolyn McCall, ITV Chief Executive, commented: “ITV delivered […]
Banijay Group and RedBird IMI, the joint venture backed by RedBird Capital Partners and Abu Dhabi-based IMI media group, have entered into a strategic partnership to merge Banijay Entertainment and All3Media. The new company will be known as simply Banijay. The new production company, producer of titles including The Traitors, Big Brother, Survivor, Peaky Blinders, […]
Accenture has entered into an agreement to acquire Ookla, a specialist in network intelligence, competitive benchmarking and customer experience analytics. By integrating Ookla’s data products, including Speedtest, Downdetector, Ekahau and RootMetrics, Accenture says it will help Communications Service Providers (CSPs), hyperscalers and enterprises optimise the mission-critical Wi-Fi and 5G networks that power their digital core. […]
Telia has entered into an agreement to increase its ownership in Finnish fibre operator Valokuitunen from 40 per cent to 49 per cent. Formed in 2020 as a joint venture between Telia and CapMan Infra, Valokuitunen is Finland’s fibre-to-the-home (FTTH) market leader. The company’s network reaches more than 400,000 homes in over 100 municipalities through […]
Onetag, a global exchange and smart curation platform, has announced the acquisition of Aryel, the Italian AdTech company specialising in immersive and interactive advertising experiences. Backed by Wise Equity, Onetag’s private equity sponsor, Onetag says the transaction marks a clear milestone in its “evolution as the next-generation value exchange for the open internet”. Onetag’s global […]
Paramount Skydance and Warner Bross Discovery (WBD) have now entered into a definitive merger agreement under which Paramount will acquire WBD, after Netflix walked away from the table. Under the terms of the agreement, Paramount will pay $31 per share in cash for all outstanding shares of WBD. The transaction has been unanimously approved by […]
The WBD board has recommended the improved cash bid of Paramount and as a result Netflix, which had agreed a deal, has walked away declaring WBD wasn’t worth Paramount’s offer. Paramount’s February 24th proposal includes a price of $31 cash per WBD share, plus a daily ‘ticking clock’ fee equal to $0.25 per share per […]
Congratulations(!!???) to Paramount shareholders – you have won the battle for Warner Bros Discovery (WBD). Your board has done it by throwing the kitchen sink at its target – that’s a sink with a super clever three way tap and a massive waste disposal unit. You have to read the terms they have offered more […]