Broadcaster Al Jazeera is considering a bid for a majority stake in Turkish digital pay-TV operator Digiturk, according to a Reuters report, citing three banking sources. Al Jazeera has reportedly appointed Barclays Capital to advise on the matter, which could see Digiturk sold for $1 billion. A formal bidding process for the business is expected […]
Web destination Yahoo! has bolstered its content handling capabilities by acquiring P2P network host PeerCDN. Terms of the transaction have not been disclosed. PeerCDN – currently in beta – hosts peer-to-peer networks, which allow users to share photos and downloads that don’t breach federal copyright guidelines, aiming to speed data transfer times in the process. […]
Modern Times Group (MTG), the international entertainment group, has sold its 80 per cent of Swedish communications operator Zitius to TeliaSonera for SEK 380 million (€45m) cash. The Open Access network model is specific to the Swedish broadband market and provides an open environment where multiple service providers can sign agreements with a communications operator […]
Charter Communications is preparing to make an offer of less than $135 a share for Time Warner Cable, according to Bloomberg. The offer will consist of a mix of cash and Charter stock. The deal would have an equity value of around $38 billion. Charter believes it can get away with offering what is a […]
Verizon Communications is nearing an agreement to purchase Intel’s Internet-based pay-TV startup. The deal could be confirmed as soon as this week according to reports. Intel, which developed the OnCue service, took the decision earlier this year to seek a buyer rather than invest in the programming and bring it to market on its own. […]
Spacecom issued a formal notice to the Tel Aviv Stock Exchange that it was open to offers for a sale – or merger – of its satellite company. Spacecom operates the Amos fleet of satellites which operate mainly serving the Israeli market. Spacecom has hired banker JPMorgan to advise on its next move. Spacecom is […]
US cable group Liberty Global is in takeover talks with Dutch operator Ziggo, its latest move to consolidate the sector in Europe in a deal analysts say could cost around €5 billion. Ziggo, which rejected an approach from the company controlled by John Malone in October as too low, said no decision has yet been […]
Dailymotion has acquired Jilion, a development team behind HTML5 video technology, SublimeVideo. “The player is at the heart of our video distribution platform – it is key for us to offer the best experience on the market, and Jilion with its SublimeVideo engine is by far the best solution out there.” said Cedric Tournay, CEO […]
Time Warner Cable’s incoming CEO Rob Marcus, speaking at the UBS Global Media series of presentations in New York, told analysts that his previous comments seeming to suggest that a TWC merger with cable giant Comcast was imminent were taken “out of context”. Marcus did not deny that a merger would release shareholder value. “Whether […]
Axel Springer has acquired a 24-hour news channel, which will be used to supply video for all of its digital platforms. It has acquired 100 per cent of broadcaster N24, for an undisclosed amount. N24 owns the German language news channel N24 and produces news for free-to-air channels ProSieben, Sat.1 and Kabel Eins, all owned […]