Edgar Bronfman Jr has raised up to $5.5 billion (€4.9bn) to boost his last gasp offer for Paramount and gatecrash the agreed deal with Skydance Media, reports FT. Bronfman tabled an initial $4.3 billion bid on August 19th – the deadline for the expiration of Paramount’s 45-day ‘go shop’ period. But the former Warner Music […]
It seems a bit unkind to refer to players in their 40s, 60s and 70s as nepo babies but, as they say in Hollywood: “whatever”. Is it just a coincidence that a third nepo has joined the fray – the never-ending fray – over who will win control of Paramount? Edgar Bronfman Jr – scion […]
Xperi has entered into an asset purchase agreement with Amazon.com Services to sell substantially all of the assets and certain liabilities of Perceive Corporation, a subsidiary focused on edge inference hardware and software technologies, for a gross amount of $80 million (€72.5m) in cash. “Since Perceive’s inception, the landscape for edge inference technology has evolved, […]
Ericsson has entered into a binding agreement with Koch Equity Development in relation to the sale of iconectiv. Ericsson’s cash benefit from the Transaction, after the settlement of anticipated taxes, transaction expenses, and other liabilities, is expected to be approximately SEK 10.6 billion (€0.92bn). Ericsson expects to record a one-off EBIT benefit of approximately SEK […]
Struggling satellite manufacturer Terran Orbital is being bought – some say rescued – by aerospace giant Lockheed Martin (L-M) in a deal worth around $450 million. L-M is paying $0.25 per share for Terran and will pay off Terran’s debts. The end result will be a new company that is 100 percent owned by L-M. […]
Lockheed Martin (L-M) has signed a definitive agreement to acquire Terran Orbital. L-M was already a significant investor and client of Terran. The enterprise value of the transaction is about $450 million (€411m). L-M will acquire Terran Orbital for $0.25 in cash for each outstanding share of common stock and retire its existing debt. This […]
DLT Entertainment, the independent television production and distribution company, has announced the acquisition of Juniper Productions, expanding its portfolio in the factual programming space. Juniper Productions was founded by Samir Shah, who recently stepped down from the company to take up the role of BBC Chair. Shah’s leadership at Juniper Productions led to a slate […]
Following the announcement of the acquisition of Vodafone Italia in March, Swisscom has confirmed that it has formally notified the Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato) of the transaction on August 12th. The notification occurs in the context of the work underway to secure the regulatory approvals needed to finalise the […]
Indian telecoms conglomerate Bharti Global has acquired Patrick Drahi-controlled Altice UK’s stake in BT. In a Stock Market announcement, BT Group said that it noted that Bharti Global has reached agreement to acquire c24.5 per cent of the issued share capital of BT Group from Altice UK. Allison Kirkby, Chief Executive, said: “We welcome investors […]
Eutelsat is to sell its ground infrastructure assets, mostly the giant dishes and transmission technology that make up its teleports. The buyer – with whom it is in exclusive discussions – is Sweden-based private equity EQT Group. Eutelsat will retain a 20 per cent stake in the eventual business. Eutelsat’s ground station business consists of […]