KIT digital, the provider of cloud-based video asset management solutions for multi-screen delivery, has made three separate acquisitions aimed consolidating the IP video market and creating a truly ‘Lens-to- Lens’ video offering. The deals involve New York City-based KickApps, Paris-based Kewego, and San Francisco-based Kyte, for aggregate consideration of approximately $77.2 million. “These strategic acquisitions […]
AOL Europe, part of web services giant AOL, has acquired the video distribution network goviral in a $74.1 million deal. In addition, $22.6 million of consideration will be deferred and paid over two years following completion. goviral distributes branded video content across the Internet for brands, media agencies, creative agencies, and content producers. goviral is […]
Rupert Murdoch has cancelled a visit to the Davos economic summit to personally lead negotiations with UK culture secretary Jeremy Hunt, as News Corp seeks to offer guarantees to safeguard Sky News independence and win approval for its complete takeover of BskyB. Following publication of the Ofcom report recommending a referral to the Competition Commission, […]
Confirming Ofcom’s recommendation of a referral, Hunt said that in accordance with his duties to meet relevant parties, he met with News Corporation on 6 January to set out the process that he would follow and briefly explain Ofcom’s conclusions. “Having informed them of the process I then wrote to News Corporation and BSkyB on […]
France Telecom’s Orange has revealed that it is in exclusive negotiations with Dailymotion, the world’s second largest online video site, with a view to taking a 49 per cent share in the operation. Once complete, the deal, valued at €58.8 million, will provide Orange with the opportunity to develop a complete multi-screen video offer From […]
Modern Times Group is talking with ProSiebenSat.1, about the sale of its European TV and radio group SBS. Valuations on the group go between €1 billion and €1.5 billion. Swedish Modern Times Group is looking specifically at SBS’s Scandinavian business. Holland’s The Telegraaf Media Group, is understood to be interested in the local TV operations […]
According to a report by Romanian daily newspaper Ziural Financier, RomTelecom and Romania Cable Systems (RCS&RDS), the country’s two largest broadband providers by subscribers, are going head-to-head in the acquisition of a number of smaller cablecos, as a way of increasing their network footprints. The newspaper claims that RCS&RDS has acquired a new subsidiary in […]
BSkyB is adding to its range of subscriber services with the purchase of WiFi on-the-go business The Cloud from a group of VCs. The deal, reported in the News Corp owned Sunday Times, is likely to be announced along with financial results on Tuesday – Sky is expected to report a 25 per cent increase […]
Kuwait Projects Co (KIPCO) says there will not be an IPO this year for its Middle East pay TV Orbit Showtime Network. Mr Faisal al-Ayyar, Kipco’s CEO and vice-chairman, was quoted in an interview with Kuwaiti daily newspaper al-Watan, saying KIPCO would present the issue to shareholders and seek their approval prior to considering an […]
The Carlyle Group plans to offload its 62 per cent stake in ETTV, a Taiwan cable TV operator in what would be the private equity firm’s latest Taiwan exit. Local press reports Chairman Gary Wang, ETTV’s second largest shareholder, is interested in the stake, which may be worth T$7.5 billion ($250m). Late last year, Carlyle […]