Liberty Global has opened its controversial €35 a share cash offer for all the stock in Belgium’s Telenet that its doesn’t already own – it is 50.4 per cent controlling shareholder. Minority shareholders will have until January 11th 2013 to accept. Liberty Global says the offer is a 12.5 per cent premium to the September […]
Portuguese multimedia company Sonaecom and Kento/Jadeium – owned by Angolan businesswoman Isabel dos Santos – have reached an agreement on the merger of telecommunications operator Optimus and pay-TV operator Zon Multimedia. Dos Santos is the biggest shareholder of Zon Multimedia, owning 28.8 per cent, while Sonaecom controls 100 per cent of Optimus. Total revenues at […]
Discovery Communications has confirmed a definitive agreement with ProSiebenSat.1 Group to purchase the company’s SBS Nordic operations for a total enterprise value of approximately €1.325 billion. The acquisition of SBS Nordic includes 12 television networks in Norway, Sweden, Denmark and Finland, among other assets, and further solidifies Discovery’s long-term growth in the strong Nordic TV […]
Being a shareholder in Pace has sometimes been profitable – but mostly not – and it has rarely been dull. Now the Yorkshire-based STB maker is bidding for the Motorola STB business that Google would like to offload following its buy of the mobile business. For a company that was earlier this year on its […]
India’s Hinduja Group is looking to acquire struggling TV facilities company Alfacam Group. The two companies signed a Memorandum of Understanding on Dec 11th. The pair will now look to complete negotiations prior to Jan 31st. The basis of the Agreement will see a new credit facility created worth €24 million, and which will […]
The Board of Pace plc has confirmed it has submitted an indicative, non-binding, bid to Google in respect of the potential acquisition of its Motorola Home (STB) business. Pace says discussions with Google are currently at a preliminary stage and there is no certainty as to whether any agreement regarding any transaction will be reached. […]
Google is closing its auction of Motorola’s set-top box business, reports The Wall Street Journal. The company had set a deadline of December 7 for the last round of bids, according to three people involved in the process. Google August 2012 hired Barclays Plc to seek buyers for Motorola, which has been losing market share […]
Not for the first time rumours swirl on Wall St about TiVo being a buy target. Now it is Google’s name that is in the frame as the potential buyer and it’s because of TiVo’s suit against Google-owned Motorola Mobility over alleged patent infringements. Investment bankers Janney Capital’s analyst Tony Wible has tracked the latest […]
Harris Corporation has reached an agreement to sell its Broadcast Communications operation to an affiliate of global investment firm The Gores Group, LLC for $225 million. The price includes $160 million in cash at closing, a $15 million subordinated promissory note and an earn-out of up to $50 million based on future performance. The transaction […]
A+E Networks will assume full ownership of AETN All Asia Networks, the Singapore-based company formed as a joint venture with Astro Overseas Limited (AOL) in 2007. The move comes as A+E networks looks to expand its footprint and launch new brands – including Lifetime. A+E Networks’ portfolio of channel brands, including History, Crime & Investigation […]