The Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato) has opened an in-depth investigation (Phase II) to assess the acquisition of Vodafone Italia by Swisscom under Italy’s merger control rules. According to Swisscom, Phase II reviews are not uncommon in the telecommunications sector. Swisscom remains convinced that the transaction is pro-competitive. It says […]
Mediagenix, a specialist in software solutions for content strategy, value management and scheduling, has announced its acquisition of Spideo, the specialist in humanised content recommendations, transparent personalisation, and enhanced catalogue discovery. This strategic acquisition aims to level the technological playing field with streaming giants, by unlocking smart content discovery for all. Mediagenix said the combined […]
CosmoBlue Media, a specialist in digital distribution and media innovation, has announced the acquisition of Macademia, a family entertainment group known for educational and inspiring content distributed via its Azoomee and Da Vinci brands. This is the second acquisition of the company after Sofy.tv where CosmoBlue is now actively enlarging its portfolio. CosmoBlue assets will […]
Documents filed with the FCC show that Larry Ellison, father of Skydance’s David Ellison, will take over the controlling interest from Shari Redstone. The document, obtained by The New York Times, lists Oracle founder Larry Ellison at the top of an organisational chart of the companies that will acquire the majority of Paramount’s voting interest […]
Canada-based satellite operator Telesat has sold its Infosat Communications subsidiary which specialised in remote satellite services. Infosat has been acquired by Calgary-based Network Innovations, with some 300 employees, for an undisclosed sum. However, Telesat’s president & CEO Dan Goldberg had earlier hinted that it would raise about C$10 million (€6.67m) by selling a non-core division. […]
Subhash Chandra, chairman emeritus of Zee Entertainment, alleges the recent merger plan between Zee and Sony was deliberately scuppered by the Securities & Exchange Board of India’s (SEBI) chairwoman Madhabi Puri Buch. In hard hitting comments, Chandra said he was taking legal advice against Puri Buch as he is convinced that the “SEBI Chairperson is […]
Xytech Systems, a specialist in media resource management, and Fabric, a player in media supply chain and metadata management solutions, have announced their strategic merger, creating a broad-based solution for resource and data management in the media and broadcast industry. The new entity will be led by Fabric CEO, Rob Delf. Xytech’s current CEO, John […]
Sony India and Zee Entertainment have settled amicably all the litigation that followed on from their failed merger attempt. A statement from the pair said: “The settlement stems from a mutual understanding between the companies to independently pursue future growth opportunities with a renewed purpose and focus.” The agreement flows from the cancelled merger back […]
Edgar Bronfman Jr has dropped a $6 billion (€5.3bn) bid for Paramount, leaving the way clear for the Skydance offer. “It was a privilege to have the opportunity to participate,” Bronfman said. “While there may have been differences, we believe that everyone involved in the sale process is united in the belief that Paramount’s best […]
Liberty Media has revealed plans to sell F1 shares worth $825 million (€742m) in order to ‘partially fund’ its planned acquisition of MotoGP. In April 2024, Liberty agreed to acquire 86 per cent of MotoGP commercial rights holder Dorna Sports, valuing the sport at $4.2 billion. ”The acquisition is expected to be completed by year-end […]