DISH Network Corporation has submitted a merger proposal to the Board of Directors of US telco Sprint Nextel Corporation for a total cash and stock consideration of $25.5 billion. According to DISH, the offer “clearly represents” superior value to Sprint shareholders, including greater ownership in a combined company that is better positioned for the future […]
As revealed by advanced-television.com, the European Commission has cleared under the EU Merger Regulation the proposed acquisition of UK quad-play operator Virgin Media in the US, by cable MSO Liberty Global. The EC notes that the transaction, with a value of €17.2 billion, would bring together the second largest pay-TV operator in the UK (Virgin […]
Weekend press reports that Mediaset is planning to sell off its Mediaset Premium pay-TV division have been firmly denied. Italian news weekly L’Espresso had reported that Mediaset, controlled by the Berlusconi family, was in talks with arch-rival Sky Italia over a possible merger. Those reports were denied by Mediaset, which said in statement that it […]
Arris will this week wrap up its $2.35 billion purchase of Motorola Home, from Google, along with the 2000-plus patents held by the business. Last week the US Department of Justice gave its approval to the deal, originally announced last December. The purchase came about following Google’s $12.5 billion purchase of Motorola Mobility along with […]
Time Warner is reportedly the front runner to buy Turkey’s ATV broadcasting unit from Calik Holdings. A final decision could emerge towards the end of this month. ATV is a nationwide network and has been owned by Calik since 2007, headquartered in Istanbul. It was launched in 1993 by the giant Sabah conglomerate. […]
Finland’s Teleste has acquired 100 per cent of Asheridge Communications Ltd, the UK provider of access network equipment for cable operators. Asheridge has a particularly strong offering in HFC network passives products and customised solutions. Asheridge is strengthening Teleste’s position as the leading supplier of access networks for European cable operators. With offices in the […]
EU antitrust regulators are to clear the $15.8 billion takeover bid by U.S. cable group Liberty Global for Virgin Media without requiring concessions, say reports. The European Union competition authority is set to announce its decision by April 15th. Antoine Colombani, Commission spokesman for competition policy, declined to comment.
Ericsson is buying Microsoft’s TV solution Mediaroom business. This will make Ericsson the leading provider of IPTV and multi-screen solutions with a market share of over 25 per cent. The deal, first reported here a couple of weeks ago, is expected during the second half of 2013. Mediaroom employs more than 400 people worldwide. Per […]
Former News Corp president Peter Chernin has made a bid of some $500 million for online video streaming service Hulu, Reuters is reporting. Chernin was at News Corp when the company was founded. Hulu, jointly controlled by News Corp and Disney has been seeking potential buyers since March after initial plans for one to buy […]
Business restructuring specialist Hilco has completed the acquisition of the business and certain assets of entertainment retailer HMV from its Administrators, Deloitte. Hilco January 22 acquired HMV’s debt from the Group’s lenders. At that stage, it confirmed that it had not bought the business itself, but said it believed there to be a viable underlying […]