Video streaming software and services provider, Accedo, and OTT platform provider, Magine Pro, have signed a binding agreement to carve out and merge their respective SaaS businesses Accedo One and Magine Pro into a new jointly owned company. The merger will create a global player in SaaS solutions for OTT streaming, by combining Accedo One’s […]
MediaForEurope (MFE) has acquired a 32.9 per cent stake in Impresa, the Portuguese media group, broadcaster of the SIC television networks, and publisher of digital and print publications, including the weekly Expresso. MFE will now operate in six countries: Italy, Spain, Germany, Austria, Switzerland and Portugal. The investment – valued at $20 million (€17.2m) and […]
Macquarie Asset Management, on behalf of Macquarie European Infrastructure Fund II and other Macquarie-managed vehicles, has agreed to the sale of their interests in Arqiva, the UK’s main distributor of TV, radio and cellular signals. Macquarie has been a long-term investor in Arqiva, which provides critical data, network, and communications services to media and utilities […]
Zegona Communications has announced the proposed allocation of the €1.8 billion proceeds from two recent FibreCo transactions. The proposal is to return €1.6 billion to shareholders and use the remaining €200 million for debt reduction. The €1.6 billion shareholder return includes a €1.4 billion special dividend (£1.62 per Zegona ordinary share) and a €200 million […]
The EW Scripps Company has confirmed that it has received “an unsolicited acquisition proposal” from Sinclair. The tabled bid reportedly valued Scripps at $538 million (€466.2m). “Consistent with its fiduciary duties and in consultation with its legal and financial advisors, the company’s board of directors will carefully review and evaluate any proposals, including the unsolicited […]
United Internet and 1&1 AG have agreed on an intra-group sale of 100 per cent United Internet Management, including its wholly owned subsidiary 1&1 Versatel, to 1&1 AG. The purchase price amounts to approx. €1.3 billion. Depending on the future business development of 1&1 Versatel in the years 2027, 2028, and 2029, the purchase price […]
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 […]