Lenders Barclays, Bank of Ireland and HSBC have agreed a short-term extension of Aferian’s secured facilities of $16.5 million (€14.05m) from September 30th to November 30th to enable the company to try and sell its Amino and 24i businesses and/or the group. The borrowing could be extended beyond November 30th if talks are progressing. The […]
There are widespread reports that US cellular giant Verizon Communications is negotiating to buy wireless spectrum from EchoStar. Reuters summed up the situation saying the discussions involve EchoStar’s AWS-3 licences, which are valuable for carrying 5G wireless signals. If the deal goes through, Verizon would join AT&T and SpaceX as recent buyers of EchoStar’s wireless […]
FuboTV, the sports-first live TV streaming platform, has announced that its shareholders have approved its previously announced transaction with The Walt Disney Company to combine Fubo’s business with the Hulu + Live TV business. The transaction, approved by Fubo’s shareholders at its special meeting of shareholders held today [September 30th], remains subject to regulatory approvals […]
AST SpaceMobile has announced its 100 per cent acquisition of EllioSat, in a deal first announced in August. AST said its reason for the purchase was because EllioSat “holds certain S-Band ITU priority rights to MSS (Mobile Satellite Services) frequencies in the range of 1980-2010 MHz and 2170-2200 MHz, for use in low Earth orbit”. […]
MFE-MediaForEurope, the TV group controlled by Italy’s Berlusconi family, is holding talks regarding the acquistion of a stake in Portuguese media group Impresa. It said in a statement published by Reuters, the Balseger holding company of Portuguese media tycoon Francisco Pinto Balsemao, which controls more than 50 per cent of Impresa, confirmed that MFE is […]
Electronic Arts (EA), the US video game company, has entered into a definitive agreement to be acquired by an investor consortium comprised of PIF, Silver Lake and Affinity Partners in an all-cash transaction that values EA at an enterprise value of approximately $55 billion (€46.8m). Under the terms of the agreement, the consortium will acquire […]
NEP Group, the media technology solutions partner for content creators, has announced its acquisition of Seven Production, the Dubai-based film and broadcasting independent production company. The acquisition reinforces NEP’s investment and presence in the GCC region, building on years delivering live sports and entertainment including UFC, ILT20 UAE Cricket League, Asian Tour International series, LIV […]
Integral Ad Science (IAS), a media measurement and optimisation platform, has entered into a definitive agreement to be acquired by Novacap, a US private equity firm, in an all-cash transaction that values IAS at approximately $1.9 billion (€1.6bn). Under the terms of the agreement, Novacap will acquire all of the outstanding shares of IAS for […]
Canal+ and MultiChoice have announced that all conditions to Canal+’s 35 billion rand (€1.72bn) takeover offer for the South African TV broadcaster have been fulfilled following the completion of all necessary regulatory conditions, thus making the deal unconditional. Canal+ owned 46 per cent of MultiChoice as of September 19th, with another 2.2 per cent of […]
SES has hosted a gala evening to commemorate its acquisition of Intelsat and what the combined business means for the company’s future. Held at Luxembourg’s Mudam (The Grand Duke Jean Museum of Modern Art) the event brought together staff, clients and VIP guests. CEO Adel Al-Saleh told guests and local media that the combination marked […]