Telstra has denied it is poised to make a large-scale acquisition in the media sector. In his first public appearance since joining the Australian telco in January, Telstra media boss Rick Ellis rejected reports that he was weighing up an imminent offer for the debt-laden Nine Entertainment, or any other player in the free-to-air television […]
QuickPlay Media, a provider of cloud-based infrastructure for premium media services, has completed the sale of a majority of its outstanding equity interests to investment funds affiliated with Madison Dearborn Partners LLC. Madison Dearborn, a Chicago-based private equity firm with significant expertise in helping to grow media and technology services companies, also has agreed to […]
In a move that reinforces its position in ‘Home Gateway Server’ solutions, set-top box manufacturer Humax has become the largest shareholder of South Korea’s MMC Technology, a residential gateway provider, with a 21.98 per cent stake by acquiring an additional 8.8 per cent stake. In doing so, Humax will enhance the company’s Home Gateway Server […]
Isabel dos Santos has raised her stake in Portuguese cableco Zon Multimedia to 28.8 per cent, indicating that her Amsterdam-based holding company Jadeium has acquired the 10.96 per cent stake in Zon previously held by financial institution Caixa Geral de Depositos (CGD). The transaction means that dos Santos, the daughter of Angola’s president Jose Eduardo […]
RTL group and Al Jazeera could be interested in the Italian pay-television channels owned by Mediaset, according to newspaper Il Sole 24. Mediaset’s vice chairman, Piersilvio Berlusconi, said earlier this week that foreign investors potentially interested in buying the pay-TV channel have approached the company, but that there were no active negotiations.
Ericsson has completed of its acquisition of the Broadcast Services Division of Technicolor, a worldwide technology leader in the media and entertainment sector, headquartered in France. The closing follows the announcement on March 13th, 2012. Magnus Mandersson, Executive Vice President and Head of Business Unit Global Services, Ericsson, says: “With this acquisition Ericsson has strengthened […]
Arqiva, the communications infrastructure and media services company, has agreed terms with the Board of Spectrum Interactive, a leading UK based Wi-Fi operator, for an offer to acquire 100 per cent of the shares for total cash consideration of £23.4 million. The deal will enable Arqiva to accelerate its wholesale mobile data business by acquiring […]
Sony has confirmed the purchase cloud gaming company Gaikai for $380 million. Gaikai is a cloud-based game service which allows users to play high-end PC titles by streaming the content via a broadband connection. Consumers never need to download the games, and don’t need advanced PCs to play because the content is running across the […]
Rupert Murdoch has vowed not to make a new bid for BSkyB after the division of News Corp, saying he would focus his media empire on the US because “the English” had made him unwilling to invest any further in the UK. The News Corp chairman’s outburst came in an American television interview with Bloomberg […]
Telecom Italia has received 15 preliminary expressions of interest for its Telecom Italia Media unit. According to Italian daily “Il Sole 24 Ore”, 60 per cent are foreign groups and investors. Among names being mentioned are Sky Italia, Al Jazeera, Discovery Channel, as well as Italian private equity fund Clessidra. Meanwhile, Italian multimedia group L’Espresso […]