A total of four bids for Telecom Italia Media’s TV assets have been submitted by deadline, but none of them have been judged as satisfactory. According to local media reports, the bids from Discovery and H3G have been defined as “not interesting”, while the remaining two, from the Clessidra fund and Cairo Communication, are “too […]
Canal Plus has wrapped the complex merger of Poland’s various pay-TV interests. These involve Canal+, ITI and TVN combining into a new entity – NC+ – which will be a single pay-TV DTH platform with about 2.5 million subs. Canal Plus will own 51 per cent of NC+. The merger brings together the former competing […]
French media giant Vivendi is looking to exit its Brazilian DTH pay-TV operation. Global Village Telecom (GVT) also operates fixed phone and broadband services in Brazil. Vivendi says it is now considering 4 rival bids to buy the business for about $7.75 billion, although the bids are less than originally anticipated. GVT has 312,000 subscribers […]
Espial, a specialist in on-demand TV software and solutions, is intending to buy ANT in exchange for cash at £0.205 per share valuing ANT at approximately £5 million (€6.2m). ANT’s board of directors has recommended that shareholders accept the offer. Espial has already received irrevocable undertakings to vote in favour of the acquisition from holders […]
Espial, a leader in on-demand TV software and solutions, has entered into a co-operation agreement pursuant to which Espial has offered to acquire all of the outstanding shares of ANT in exchange for all cash consideration of £0.205 per outstanding share. The Offer values the issued ordinary share capital of ANT at approximately £5 million. […]
Discovery Communications is belatedly climbing aboard the Middle East bandwagon by buying Dubai-based Takhayal Entertainment. The deal includes the media company’s popular food channel Falafeat. Discovery will also get some cooking tips. It said in a news release that the deal will bring it a “vast library of cooking recipes and shows” as well as […]
Entertainment & Media Group Limited (EMG) has announced a merger with Canis Media. The merger creates a new London-based business which can create and manage new content from incubation through to commercial success. EMG has just built and recently opened a new theatre –the St James Theatre in SWI – with two live theatre performance […]
KIT digital’s former CEO Kaleil Isaza Tuzman, who left the business earlier in March, has offered to buy the complete business back at $3.75 a share, valuing the company at some $214 million. In addition, he accused KIT’s current management of deliberately seeking to “scapegoat” the company’s former management, and of wasting cash by moving […]
Scandinavian broadcaster SBS, which is being sold off by owners ProSieben/Sat.1, is not likely to achieve its €1.4 billion price target. Offers are more likely to be in the €1.2-€1.3 billion range, according to reports. The bidders are said to be worried about broadcasting’s prospects in the Eurozone, and in particular whether SBS can maintain […]
The UK’s cross-media ownership rules currently forbids any newspaper group which has more than 20 per cent share of the British newspaper market from owning either a “Channel 3/ITV” licence or a stake in a Channel 3 broadcaster greater than 20 per cent. It was these rules that scuppered News Corp’s plans to acquire a […]