Sony and Ericsson have revealed that Sony will acquire Ericsson’s 50 per cent stake in Sony Ericsson Mobile Communications AB, making the mobile handset business a wholly-owned subsidiary of Sony. The transaction gives Sony an opportunity rapidly to integrate smartphones into its broad array of network-connected consumer electronics devices – including tablets, televisions and personal […]
Nevada-registered Loton, Corp has signed a non-binding letter of intent to acquire FilmOn.TV Networks Inc. (FilmOn), which holds a Licence and Franchise Agreement for The Americas from FilmOn.com, the Internet-based, high-definition television service provider with properties in the US and Europe. The letter of intent is subject to due diligence and negotiation of a definitive […]
Software security and media technology specialist Irdeto is to acquire BayTSP, a search, discovery and anti-piracy company based in Santa Clara, California. Irdeto purchased BayTSP to expand its security portfolio and complement its Irdeto ActiveCloak solution. Following its recent acquisition of BD+ technology from Rovi Corporation, Irdeto suggests the BayTSP deal further demonstrates its commitment […]
Cisco has announced its intent to acquire privately-held BNI Video. Headquartered in Boxborough, Mass., BNI Video supplies service providers with two major video products that offer video back-office and content delivery network (CDN) analytic capabilities. The cash acquisition – rated at $99 million – will advance the capabilities of Cisco’s Videoscape TV platform, which allows […]
Global alternative asset manager The Carlyle Group has reached an agreement to acquire an 85 per cent share of Spanish triple-play cable operator Telecable de Asturias. Liberbank will retain a minority stake after the transaction, which is expected to close by year-end. The transaction values the company at €400 million; equity for this investment will […]
ITV is to buy Channel Television, the Channel Islands commercial TV broadcaster, in a further consolidation of the network. The broadcaster is in negotiations to buy Channel TV from the private Yattendon Group. The value of the deal was not disclosed, but it is reported to be worth more than £10 million (€11.5m). Channel Television […]
The planned sale of online video website Hulu has fallen through after months of negotiations between the service’s owners and potential buyers. Hulu’s owners, which include Disney, News Corp, NBC Universal and Providence Equity, revealed they had decided against a sale of the video service. “Since Hulu holds a unique and compelling strategic value to […]
Chengdu Geeya Technology through subsidiary Geeya Tech will fully acquire Harvard International for 229 million yuan (€26m). Harvard International is listed on the AIM board of the London Stock Exchange. Harvard International is a major seller of set-top boxes in the UK and has been involved in the consumer electronics field for 40 years. Its […]
Broadband technology specialist ARRIS Group and digital video networking solutions provider BigBand Networks have entered into a definitive agreement whereby ARRIS will acquire BigBand Networks for a purchase price of $2.24 per share in cash. This equates to a diluted equity value of approximately $172 million, or $53 million net of estimated BigBand cash on […]
Sainsbury’s is spending £1 million (€1.15m) to buy Global Media Vault, a white-label digital entertainment distribution vendor, to power its launch in to online content retailing. The UK supermarket says the acquisition will be used to add digital content to Sainsbury’s Entertainment, the site it launched in November 2010 to sell CDs, DVDs and books. […]