German commercial broadcaster ProSieben/Sat1 has sold its Dutch and Belgian stations to a consortium led by Finnish media group Sanoma along with Endemol founder John de Mol. The consortium has paid €1.23bn ($1.76bn) for SBS6, Net5 and Veronica. Munich-based Pro7/Sat1 acquired the stations in 2007 when it bought SBS Broadcasting. The sale completes the asset […]
Washington-based Discovery Communications is reportedly looking at some of German broadcaster ProSieben’s assets. In particular the factual broadcaster is said to be keen to pick up Pro7’s Nordic TV assets. The channels being sold comprise the former broadcasting assets of SBS Broadcasting, acquired by pro7/Sat1 back in 2007. In a related sale, the favoured bidder […]
KIT digital, the premium software and technology services provider for multi-screen video delivery, has moved to strengthen its ability to manage complex and large-scale IP video deployments in the US and the UK by signing a definitive agreement to acquire 100 per cent of the capital stock of digital media platform specialist ioko365 Ltd (ioko) […]
Mike Fries, Chief Executive of Liberty Global, has suggested the cable investor is not actively seeking to acquire Dutch cable operator Ziggo, despite earlier suggestions from the company’s Chief Strategy Officer Shane O’Neill that Liberty might consider pre-empting an IPO. Fries told The Denver Post that Ziggo seemed to be “squarely focused on an IPO, […]
In a further consolidation of the global telecoms and content delivery network markets, international provider of fibre-based communications services. Level 3 Communications, and global IP, Ethernet, data centre and video solutions provider Global Crossing have entered into a definitive agreement under which Level 3 will acquire Global Crossing in a tax-free, stock-for-stock transaction, estimated at […]
The Boards of blinkx, the world’s largest video search engine, and Burst Media Corporation, the online advertising services and technology business, have entered into a definitive agreement pursuant to which blinkx will acquire the entire common stock of Burst for an aggregate consideration of $30 million. The combination of the two companies will bring blinkx’s […]
News Corp’s proposed takeover of BSkyB should be delayed until the police conclude their phone-hacking inquiry, Lord Prescott has said. He told the House of Lords it would be “totally unacceptable” for a company “actively involved at all levels in criminal acts” to be given control. The peer says he and others were victims of […]
DISH Network Corporation has been selected as the winning bidder in the bankruptcy court auction for substantially all of the assets of movie rental store Blockbuster, Inc. DISH Network’s winning bid was valued at approximately $320 million. After certain adjustments are made at closing of the transaction, including adjustments for available cash and inventory, DISH […]
Music Choice Europe (MCE) is being bought by Montreal-based Stingray Digital. MCE currently has some 10 million subscribers listening to more than 70 commercial free audio services. Stingray Digital is a privately-held business, established in 2007 by Eric Bioyko and Alexandre Taillefer. In August last year it bought Concert TV, an interactive VOD service. Terms […]
A few weeks ago when pressed on whether Liberty Global would bid for Kabel BW, Shane O’Neill, chief strategy officer, deflected the question by stating Ziggo was a more prized target as ‘it is a much better fit.’ Two weeks ago Liberty beat out the competition to buy Kabel BW and now seems set to […]