Liberty Media Corporation, the investment company controlled by John Malone, has made an offer to acquire the remaining shares of satellite-radio carrier Sirius XM. Liberty has previously invested a total of around $1.7 billion into Sirius-XM. The proposal, made in a letter to Sirius XM Holdings, outlines the terms by which Sirius public shareholders would […]
KPN has announced that the second option as part of the Fibre-to-the-Home Reggefiber joint-venture agreement has been exercised. This option became exercisable on January 1st 2014 and completion is subject to approval by the Dutch Competition Authority (ACM). Notification will take place in the coming period. This option represents an additional 9 per cent equity […]
Brightcove, a global provider of cloud services for video, has entered into a definitive agreement to acquire substantially all the assets of Unicorn Media, a provider of cloud video ad insertion technology. Based on a $14 price per share of Brightcove common stock as specified in the purchase agreement, the transaction is valued at approximately […]
Rupert Murdoch’s 21st Century Fox has taken a further step to reduce its presence in China by signing an agreement with China Media Capital (CMC) under which Star China’s management team together with CMC will acquire 21CF’s 47 per cent stake in Star China TV. Terms of the deal were not disclosed. Formed in 2010 […]
Richard Desmond has appointed Barclays to advise on a possible sale of Channel 5. The process is said to be at an early stage with no potential buyers yet approached. The move follows Desmond taking “soundings” among rivals, including ITV, about the potential appetite to buy Channel 5 last spring. Desmond added Channel 5 to […]
Eutelsat Communications has confirmed closure of the transaction to acquire 100 per cent of the share capital of Satélites Mexicanos (Satmex) having obtained all required government and regulatory approvals. The transaction amounts to $831 million. Welcoming the completion of the transaction, Michel de Rosen, Eutelsat Chairman and CEO, said: “With the acquisition of Satmex, Eutelsat […]
Swedish telco Com Hem Holding is acquiring Phonera Företag, a telephone and ISP service provider. Annual sales of the acquired operation is 260MSEK (€31m) and the number of customers around 58,000. The takeover is scheduled for March 31st 2014. “Consistent with ComHem’s strategy of actively serving the corporate market, we are pleased to sign the […]
News Corp has acquired Dublin-based social news agency Storyful for €18 million. It said Storyful would remain a stand-alone operation that would complement its existing video offerings, including WSJ Live. Founder and chief executive Mark Little and David Clinch, executive editor, will stay, with News Corp senior vice president for video Rahul Chopra joining Storyful’s […]
Italy’s largest commercial broadcaster Mediaset has revealed that it is considering merging its pay-TV operations in its Italian and Spanish markets. A statement from the company said the boards of directors of Mediaset and Mediaset España had authorised the evaluation of a project for the integration and development of the Group’s pay-TV activities in a […]
The UGC curation service formerly known as Twitvid, has secured a $8 million B round of financing, and it’s using some of it to acquire the Dubai-based premium video startup Sha Sha – and is now using the team and its contracts to launch a video subscription service in the Middle East. Telly says it […]