Streaming music service Spotify has acquired music licensing body Loudr. The company was founded in 2013 to build products and services that make it easy for content creators, aggregators and digital music services to identify, track and pay royalties to music publishers. No financial terms were revealed. The Loudr team of publishing specialists and technologists […]
The UK’s Panel on Takeovers and Mergers has informed each of Disney, Fox and Sky of its ruling that, following completion of the acquisition by Disney of Fox (after a spin-off of certain businesses), Disney will be required to make a mandatory offer to the holders of ordinary shares in Sky pursuant to Note 8 […]
Digital Colony, a global investment firm focused on enabling the next generation of mobile and Internet infrastructure, has confirmed that a Digital Colony affiliate is to acquire 100 per cent of the capital in Finnish broadcast infrastructure provider Digita from asset management business First State Investments. Founded in 1999 as a spin-off from national broadcaster […]
21st Century Fox says it is cooperating with the European Commission after officials raided its Fox Network offices in London. Competition authorities are said to have seized documents relating to sport media rights. Other companies involved in sports rights have also received what the EC called “unannounced inspections”. “The commission has concerns that the companies […]
Viacom is demanding CBS increase its takeover bid by $2.8bn, meaning a 20 per cent uplift on the original offer. CBS had reportedly offered around $12bn, which is below it current market capitalisation of $12.7bn. The offer was quickly rejected by Viacom. Viacom has countered asking for $14.8bn. The exchange shows the gap between what […]
A meeting of Spain’s cabinet has given its approval to the Abertis operation controlling a 89.68 per cent of Hispasat. The green light comes at a time when Abertis is seeking to sell its shares in the satellite company. In 2017 Abertis paid €302 million to Eutelsat for the stakes, an operation subject to the […]
Digital media company Fullscreen has acquired Reelio, an influencer marketing platform that uses data-driven technology to help brands, agencies, and publishers effectively reach Millennial and Gen Z audiences through their favourite creators on today’s leading digital platforms. Terms of the deal were not disclosed. In a blog post, Pete Stein General Manager of Fullscreen’s brand […]
Israeli satellite operator Spacecom, which owns the AMOS fleet of satellites and has been up for sale for well over a year, is in the process of being acquired by IDB Development, a local investment company. At first glance the deal is being made at a ‘bargain’ price. Israeli reports say that IDB made an […]
In a further consolidation of the digital media test, monitoring and QA sector, and following acquisitions it made in 2016 and 2017, end-to-end quality assurance and testing services provider Eurofins Digital Testing has acquired Edge Testing Solutions, an independent pure-play software testing provider in the UK, to extend its software testing capabilities including managed, functional, […]
21st Century Fox has said it would sell off Sky News to Disney or ring-fence it to allay regulatory concerns over its proposed acquisition of the part of Sky it doesn’t already own. It faces regulatory problems after the Competition and Markets Authority found the £11.7bn (€13.4bn) deal was not in the public interest. Fox […]