In a move aimed at positioning it as a leading provider in managed services for broadcasters, Ericsson is acquiring the broadcast services division of media and entertainment technology specialist Technicolor in a €19 million deal. The closing of the acquisition is subject to relevant customary regulatory administrative approvals and consultations. The acquisition will bring approximately […]
Chinese Internet television company Youku and Internet video company Tudou Holdings have signed a definitive merger agreement for Tudou to combine with Youku in a 100 per cent stock-for-stock transaction. Upon completion, the combined entity will be named ‘Youku Tudou Inc’. Youku’s ADSs will continue to be listed on the NYSE under the symbol ‘YOKU’. […]
CNN is said to be in “advanced talks” over a potential buyout of social media blog Mashable. Reuters says CNN is negotiating with the seven-year-old social-media-focused website over a potential acquisition. If it went through the news site would be CNN.com’s largest acquisition to date, having bought iPad magazine publisher Zite, whose app determines what […]
Poland’s largest media group Cyfrowy Polsat has agreed to buy online video service ipla for 150 million zlotys ($48.1 million) from a company owned by Cyfrowy’s controlling shareholder Zygmunt Solorz-Zak, it has confirmed. According to Cyfrowy Polsat’s CEO Dominik Libicki, the acquisition complements the company strategy to provide the widest possible distribution of content using […]
Following its suggestion February 20 that networking giant Cisco was looking to sell off its set-top box business – swiftly denied by the company – the New York Post is now reporting that Google is trying to sell the pay-TV set-top box (STB) unit that it will acquire with Motorola Mobility once the $12.5 billion […]
UK based 3D Visual Enterprises has acquired 100 per cent of Meduza Systems LLC, the Irvine, CA based award-winning developer of the 3D cameras, the Meduza TITAN and the Meduza MK1, it was announced today by Chris Cary, CEO of the newly formed combined company, re-named Meduza Systems Ltd. In streamlining the company, the executive […]
Two days ago we were reporting that talks were progressing well on the sale of Malaysia-based Measat, and that Arabsat as well as Eutelsat (and others) were lining up to bid for the satellite assets. Measat handles around 400 TV and 160 radio channels as well as DTH platforms and beams its signals to more […]
The Australian Competition and Consumer Commission has commenced market consultation on the proposed undertaking offered by pay-TV platform Foxtel in respect of its proposed acquisition of Austar, dashing the hopes of those who expected the regulator to give its approval of the deal. “The proposed undertaking has been offered by Foxtel to address the harm […]
Discovery Networks has confirmed the acquisition of a 20 per cent equity stake in Televista, a French pay-TV company specialising in the female lifestyle market. Under this agreement, Discovery becomes a strategic partner to Televista and will contribute to the development of its female lifestyle channels business. Discovery Networks will provide strategic counsel and access […]
Measat, the Malaysia-based satellite operator, is widely reported to be up for sale. Measat’s ‘hot spot’ is at 91.5 deg East and besides its existing modest fleet it also has a new craft on order (Measat 3B) due for launch in 2013. But the most valuable asset of Measat is the orbital slots against its […]