Following the recent separation of broadcast (La7, La7d and MTV Italia) and transmission activities of Telecom Italia Media, parent company Telecom Italia is now determined to speed up the sale of national broadcaster La7. According to local media reports, Mediobanca and Citi have started exploratory contact with different industrial and financial entities to see if […]
J.P. Morgan says it is not trying to lock out other bids and isn’t trying to charge punitive break up fees. The bank says it wishes to clarify two points referred to in the announcement of Technicolor dated June 11th, 2012 regarding the terms of its revised proposal. The break-up fee of €3.4 million that […]
Positioning themselves better to meet technological and business challenges faced by the content consumption market, France Telecom Group companies Viaccess and Orca Interactive are to merge their management structures. This new organisation will allow customers to benefit from the strength and expertise of legacy telecommunications combined with the innovative edge of an agile technology company […]
Liberty Global Chief Executive Officer Mike Fries said he will take a look at Royal KPN’s Belgian unit that the Dutch phone company has put up for sale. “We’ll take a look at it, whether it’s something we’ll do is hard to say,” Fries said in an interview. “We looked at Switzerland too when Orange […]
France’s Technicolor has rejected the latest offer from JP Morgan to take a stake in the group. JPM and Technicolor’s board signed an agreement in May that would see JPM take a stake of up to 30 per cent in the STB maker. Eventually a rival offer from Vector Capital forced it to revise its […]
The New York Times reported June 8 that Comcast – still digesting its giant purchase of NBC – is now looking for another meal, and has BSkyB in its sights. Despite a very firm denial from Comcast’s CFO Michael Angelakis, who stated that the report was total speculation and inaccurate, the bid rumour sent BSkyB’s […]
News Corporation is to take full control of ESPN STAR Sports (ESS). News Corp and ESPN have entered into a definitive agreement under which a unit of News Corporation will buy ESPN’s 50 per cent equity interest in the service. The transaction will allow News Corporation units to own and operate all of the ESS […]
Signal transmission solutions provider Belden has entered into a definitive agreement to make an all-cash offer to acquire digital TV hardware and software specialist Miranda Technologies for C$17.00 (€13.14) per share, valuing Miranda at C$345 million. Belden says the combined company will be a clear leader in the broadcast market for networking, connectivity, and cable […]
Geoprge Soros, the billionaire hedge fund investor, is to take control of Sunrise Telecomunicaçoes, a local pay-TV company in São Paulo. Anatel, Brazil’s telecoms regulator, said it had given permission for Soros Fund Management to take over the operator ahead of a key auction of broadcast licences this month. Soros is said to be planning […]
There’s another suggestion floating around from DTH satellite giant DirecTV that a merger with rival Dish Network is a logical next step for the broadcasting pair. DirecTV’s CEO Mike White, speaking at a media conference in New York June 1st, said that there’s a lot to be said for a merger. He stated: “There is […]