Belgium-based Alfacam has emerged from bankruptcy protection, with French EuroMedia Group paying €25 million for the assorted assets which includes its huge fleet of OB trucks, the largest in the world. Alfacam’s studios in Lint, Belgium are not covered by the sale. Alfacam was started in 1985 by Gabriel Fehervari and in recent years has […]
Central European Media Enterprises (CME) says it has sold 200,000 of its newly designated Series B Convertible/Redeemable Preferred shares to a Time Warner subsidiary for $200 million. The proceeds from this sale, plus an additional $100 million of net proceeds from CME’s IPO in May, will be used to fund the buy-back of CME’s outstanding […]
Vodafone’s bid for Kabel Deutschland is to be investigated by Germany’s competition authority. Deals in the German cable sector are routinely examined by the authorities, and it is thus far unclear whether the Bundeskartellamt will conduct the investigation or pass it up to EU level. Kabel Deutschland accepted a €7.7 billion offer from Vodafone last week.
European entertainment network RTL Group has formed a strategic partnership with Vancouver-based online video company BroadbandTV. RTL Group’s initial investment of €27 million for a 51 per cent stake is part of a planned series of investments in the company. The business partnership between the two companies creates a new platform for RTL Group’s digital […]
Dish Network has confirmed that it has abandoned its tender offer for Clearwire Corp. Dish Acquisition, a subsidiary company, had offered to acquire all of the outstanding shares of Class A Common Stock of Clearwire Corporation, including any shares of Class A Common Stock issued in respect of outstanding shares of Class B Common Stock, […]
Singapore Telecom’s sell-off of its valuable Optus Satellite division is likely to be delayed. The political changes in Australia, where Kevin Rudd has replaced Julia Gillard as Prime Minister, and which might lead to a general election, could put a temporary halt on the sale. That’s the view of one of the potential bidders for […]
VeEX, a global specialist in telecom and CATV test solutions, and Sunrise Telecom Incorporated a provider of test, monitoring and workflow management solutions for cable, telecom, wireless operators, and equipment manufacturers, has confirmed that VeEX has closed on its acquisition of substantially all of the operating assets of Sunrise Telecom. With the addition of the […]
Vodafone is making an agreed public tender offer for 100 per cent of the share capital of Kabel Deutschland. Vodafone intends to deliver Kabel Deutschland shareholders a total value of €87 in cash for each share comprising €84.50 per share in cash pursuant to the voluntary public tender offer plus the payment of the €2.50 […]
ITV has confirmed it is acquiring a controlling stake in Thinkfactory Media, a US producer of reality, entertainment and drama, including the Emmy award-winning Hatfields & McCoys. ITV will pay an upfront cash consideration of $30 million for a 65 per cent stake in Thinkfactory Media, with a put and call option to buy the […]
SoftBank of Japan has stepped nearer to buying US wireless provider Sprint Nextel Corp, as rival bidder Dish Network declined to make a new offer after SoftBank sweetened its own bid last week. SoftBank’s offer now stands at $21.6 billion. “We look forward to receiving the FCC (Federal Communications Commission) and shareholder approvals which will […]