Continuing its transatlantic buying spree, following its takeover of Virgin Media in the UK and acquisition of a 27.3 per cent stake in Charter Communications in the US, broadband cable MSO Liberty Global has acquired 25.3 million shares in Ziggo, the largest cable operator in the Netherlands from Barclays Capital Securities Limited at €25.00 per […]
Ericsson is in talks to acquire Microsoft’s Mediaroom IPTV business and a deal could be announced within a few weeks, according to Bloomberg. The move will also help Ericsson step up its emphasis on software and services amid accelerating competition in hardware. Software maker Microsoft intends to focus on delivering TV through its Xbox game […]
CBS and Lionsgate have entered into a 50/50 partnership for the US entertainment cable network TVGN and the website TVGuide.com. The basic cable network, available in more than 80 million homes, will continue to be entertainment-focused, with a specific rebranding and programming strategy to be announced at a later date. The venture will combine CBS’s […]
Hulu’s board has approached potential buyers to gauge interest in buying the online video service, as News Corp and Walt Disney decide what to do with their share of the company. The board has sounded out several possible bidders as part of an internal strategic review but it has not received a formal offer. Finding […]
France Telecom Orange will remain an owner of video sharing website Dailymotion even as it searches for a partner to help the Youtube competitor expand in the US, the telecom operator’s chief executive told Le Figaro following reports it was looking to sell. “I have no intention of selling Dailymotion,” said Stephane Richard. “What Dailymotion […]
Yahoo is in talks to acquire control of Dailymotion through a buy of the 75 per cent owned by Orange, reports the WSJ. It puts the video portals value at about $300 million. France Telecom-Orange acquired Dailymotion for $170 million through a two-phase deal, with the most recent transaction closing in January. Dailymotion, basically a […]
BBC Worldwide, the commercial arm of the BBC, is selling travel guide business Lonely Planet for £50 million to US company NC2 Media at a loss of £80 million (€99m). The BBC acquired 75 per cent of Lonely Planet in 2007 for £88.1 million and the remaining 25 per cent in 2011 for £42.17 million, […]
Owner Singapore Telecom (SingTel) is putting its Optus satellite division up for sale and hopes to attract interest from infrastructure and super funds interested in long term investments with a steady revenue stream. Credit Suisse and Morgan Stanley will handle the sale worth around A$2 billion. The satellite business had revenues of A$319m for the […]
Continuing Liberty Media Chairman John Malone’s recent spree of broadband cable investment, Charter Communications, the fourth-largest US cable MSO, and Liberty Media Corporation have confirmed that Liberty Media has entered into a definitive agreement with investment funds managed by, or affiliated with, Apollo Management, Oaktree Capital Management and Crestview Partners to acquire approximately 26.9 million […]
DirecTV says it is not proceeding with its bid for Vivendi-owned Brazilian telco GVT. DirecTV, already a major player in terms of Brazilian DTH broadcasting, had been looking to GVT as a way of boosting its presence in the dynamic country. The company “has decided not to move forward in its pursuit of GVT and […]