Outfront Media and Bell Media, a wholly-owned subsidiary of BCE, have closed the sale of Outfront Media’s Canadian business to Bell Media for a purchase price of C$410 million (€277m) in cash, subject to certain purchase price adjustments. Jeremy Male, Chairman and Chief Executive Officer of Outfront Media, commented: “The sale of our Canadian business […]
Banijay UK has announced its acquisition of independent scripted production company Caryn Mandabach Productions Limited (CMP). The company, founded by award-winning producer Caryn Mandabach produces the hit drama series and brand, Peaky Blinders. Mandabach will pivot to a first-look development and producer agreement with Banijay UK under her newly formed Conduit Productions umbrella. Under the […]
The independent board tasked by South Africa’s most significant pay-TV operator, MultiChoice, has recommended shareholders accept the takeover bid from French broadcaster Canal+. The offer values the company at $2.9 billion (€2.6bn). The Johannesburg group’s board said “the terms and conditions of the offer are fair and reasonable to MultiChoice shareholders”, and pointed to a […]
Paramount independent shareholders are recommending the enhanced acquisition offer from Skydance Media, meaning the decision will now come down to controlling shareholder Shari Redstone. Redstone has been negotiating with Skydance, the production group founded by Oracle billionaire David Ellison, meanwhile the company has received competing interest from Apollo private equity and Sony. Skydance, whose backers […]
Zegona Communications has announce the completion of the acquisition of 100 per cent of Vodafone Spain for €5 billion. The deal was first announced in October 2023. Vodafone is the #3 telco player in Spain with significant market shares in mobile, broadband and TV. Eamonn O’Hare, Zegona’s Chairman and CEO, commented: “We have now completed […]
Seedtag, a specialist in contextual advertising, has acquired Beachfront, the US-based sell-side ad platform built for CTV and streaming. Beachfront’s technology, inventory, and expertise in CTV advertising will be incorporated into Seedtag’s existing contextual advertising solutions. The announcement follows Seedtag’s recent launch of Contextual TV in the US, an offering that harnesses AI-based network dynamics, […]
CommScope has won the auction for busted rival Casa System’s cable network assets with a knockout $45.1 million (€41.4m) bid. That price was more than twice the $20 million tabled in April by Canadian software company Vecima Networks. Vecima, which had hoped Casa’s assets would accelerate its quest to run down Harmonic in the race […]
Skydance Media has reportedly submitted an improved offer for its proposed merger with Paramount Global. The new deal is said to offer improved terms for both voting and non-voting Paramount shareholders, and provides more cash, according to Reuters, quoting a spokesperson on condition of anonymity. Specific details of the offer from the independent studio led […]
T-Mobile and UScellular have announced that T-Mobile has a deal agreed to acquire all of UScellular’s wireless operations. This includes UScellular’s wireless customers and stores across the US, as well as certain specified spectrum assets. Upon closing, T-Mobile says its 5G network will expand to provide millions of UScellular customers, particularly those in underserved rural […]
Shares of Paramount Global fell more than 7 per cent on May 14th after news broke that Sony Pictures is rethinking its bid for the US media giant. “People close to the situation that I’ve been speaking to of late indicate that the likelihood of a bid, at least for the full company, seems to […]