A board meeting today (Wednesday) will decide whether to split News’ entertainment and publishing businesses into two separately listed companies. News Corp has retained Goldman Sachs to handle the split process, according to American reports. The three editors of Murdoch’s British titles – Dominic Mohan of the Sun, James Harding of the Times and John […]
Liberty Global has announced that its subsidiary, LGI Broadband Operations, has entered into an agreement, together with investment funds affiliated with Searchlight to acquire 100 per cent of the parent of San Juan Cable, OneLink Communications. OneLink will be merged with LGI’s existing operation, Liberty Cablevision of Puerto Rico LLC, to form the largest cable […]
Canada’s MacDonald, Dettwiler & Associates (MDA), best known perhaps for the space technology CanadArm retrieval crane used on the Space Shuttle, is to buy satellite builder Space Systems/Loral (SS/L). MDA will pay over $774 million in cash, plus at least $135 million in other considerations. The payments will go to SS/L’s parent company Loral Space […]
News Corporation is pondering a split into two companies, separating its publishing arm from the far larger entertainment division, thereby removing a drag on the stock price and the reputational taint from the criminal behaviour at its UK newspapers. The report first appeared in the WSJ, a News Corp paper, and hasn’t been denied. The […]
Microsoft has bought the four-year-old business social network Yammer for $1.2 billion. The purchase of Yammer, dubbed “Facebook for the workplace”, is the latest instalment in Microsoft’s bid to protect its dominant Office products from a challenge by Google. The service claims to have more than 5 million corporate users at groups including Ford, Shell, […]
Guardian Media Group has sold its radio business, which includes the Real Radio and Smooth Radio networks, to Global Radio for an estimated price of £50 million. GMG, which has built up the UK’s third-largest radio group over the past 13 years, signed the deal with Global Radio after receiving a number of offers for […]
US media company Discovery Communications is one of those interested in the sale of Telecom Italia Media. According to local media reports, the owner of the Discovery Channel and Real Time TV in Italy is one of the players in dialogue with Telecom Italia advisers Mediobanca and Citigroup. On May 9th Telecom Italia announced the […]
Spain’s giant infrastructure company Abertis is selling seven per cent of its stake to China Investment Corp (for €385 million). This sale leaves Abertis with an 8.45 per cent holding having already sold down a 16 per cent stake in Eutelsat on January 13th. That sale valued Eutelsat overall at about €6.1 billion. This sale, […]
Rupert Murdoch’s News Corp has made a $2 billion takeover offer for James Packer’s Australia’s Consolidated Media Holdings as Packer exits media in favour of casinos. Packer indicated he would accept the offer in the absence of a higher bid for the stakeholder in Foxtel. Packer owns 50.1 per cent of ACMH. For News Corp, […]
Central European Media Enterprises (CME) has announced the closing of the sale of approximately 9.9 million shares of the Company’s Class A common stock to Time Warner Media, and 2 million shares of Class A common stock to RSL Capital LLC, an affiliate of CME’s Non-Executive Chairman, Ronald Lauder, all at a purchase price per […]