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 […]
Netgem has confirmed its acquisition of PlugnSurf – a company that has developed and marketed the WOBE, the first mobile connectivity device to incorporate a patented technology for automatic off-loading between mobile data (3G/4G) and WiFi networks. The integration of PlugnSurf will expand Netgem’s existing product offer. It will allow Netgem to help telecom operators […]
Mexican regulators have given the green light to television giant Televisa to buy half of a small mobile phone company owned by its only significant competitor in the TV market, as long as conditions designed to “avoid the risk of collusion” are met. Televisa currently controls about two-thirds of free TV channels in Mexico, while […]
Tesco has bought the digital music service We7 for £10.8m (€13.3m). The supermarket has taken a 91 per cent stake in London-based digital music service, with the remaining shares to be purchased within weeks. The purchase of We7 comes as the supermarket moves increasingly into digital entertainment, after its acquisition of the online movie rentals […]
Media and entertainment technology specialist Technicolor has confirmed that the Company received on June 13 at 10.00pm a binding and irrevocable offer from Vector Capital. This offer amends the offer submitted by Vector to Technicolor on May 25 by raising the subscription price of the shares to be issued under the reserved capital increase from […]
Sony Pictures Television (SPT) has signed an agreement to acquire approximately 32 per cent of the shares of Multi Screen Media (MSM), which are owned by Grandway Global and Atlas Equifin The agreement, subject to government approval, will bring SPT’s interest in MSM to a little over 94 per cent. The closing for this transaction […]
Rakuten, the world’s third largest e-commerce company, has acquired Spanish streaming and VoD business, Wuaki.tv. The acquisition will see Rakuten further extend its global reach as it enters the Spanish market for the first time. Founded in 2009, Wuaki.tv is headquartered in Barcelona and offers premium content over the Internet directly to Smart TVs. The […]