Netflix shares have tumbled more than 10 per cent after the DVD and online video streaming service’s warning that a recent price rise would cause some customers to downgrade or cancel subscriptions. The company, which was reporting second-quarter results, also warned that revenues would “only grow slightly on a sequential basis” following the price change, […]
A €13.4 million deal that would have seen Danish triple-play operator Stofa – a subsidiary of private equity firm Ratos – acquire the Danish cable TV activities of Canal Digital is no longer to proceed following indications from competition bodies that approval of the deal was unlikely. Stofa signed an agreement in January to acquire […]
Australian pay-TV operator Foxtel will consider taking legal action against the Australian Competition and Consumer Commission (ACCC) if it is unsuccessful in overturning the regulator’s preliminary view that its A$1.9 billion acquisition of regional pay-TV group Austar is anti-competitive (see ‘Regulator raises Foxtel Austar bid concerns’, July 22). Foxtel chief executive Kim Williams contends that […]
Australia’s competition regulator has raised concerns that the planned A$2 billion takeover of pay-TV operator Austar by rival Foxtel, part owned by Rupert Murdoch’s News Corp, could hurt competition on three fronts. The Australian Competition and Consumer Commission (ACCC) has delayed its decision on Foxtel’s bid until September, a strong indication that it sees problems […]
International private equity firm BC Partners is to buy Com Hem, Sweden’s leading TV, broadband and telephony company, from The Carlyle Group and Providence Equity Partners. Financial terms of the deal were not disclosed, but are understood to be of the order of €1.8 billion. Com Hem has grown to become Sweden’s largest distributor of […]
Following midweek indications that prospective bidder Microsoft would not be pursuing its interest in buying online video service Hulu, reports now suggest that Apple could be considering entering the fray, according to “two people who weren’t authorised to speak publicly”. The two sources spoke with Bloomberg, describing the negotiations as “early talks that may lead […]
Haivision Network Video, a provider of the advanced video networking, digital signage, and IP video distribution solutions, has acquired both KulaByte Corporation of San Marcos, Texas, and MontiVision Imaging Technologies based in Germany. The technologies of both companies, including advanced encoding, transcoding, cloud computing, and workflow solutions, will be combined to form Haivision’s new Internet […]
Following the appearance before parliamentary committees of senior police officers and News Corporation staff, it was the turn of Prime Minister David Cameron to come under the scrutiny of the full House of Commons following a statement on the phone hacking scandal. In doing so, he refused to deny that he discussed the BSkyB bid […]
Spreadtrum Communications, a fabless semiconductor provider in China with advanced technology in both 2G and 3G wireless communications standards, announced that it has signed a definitive agreement to purchase Telegent Systems, a provider of semiconductor and software solutions for the reception of live, broadcast television on mobile phones. Spreadtrum does not expect significant impact to […]
Bloomberg is reporting that Eutelsat and AsiaSat are each talking with Malaysia’s Measat about taking possible stakes in Kuala Lumpur-based Measat. Sources told Bloomberg that some sort of partnership might result with access to Measat’s small fleet of four craft being a major goal. Measat’s aims are said to include help in developing and launching […]